Seanad debates

Wednesday, 9 April 2003

Central Bank and Financial Services Authority of Ireland Bill 2002: Report and Final Stages.

 

The McDowell report has been referred to extensively and was the source of this legislation. However, the appendix to the report refers to 24 or 25 different countries, most of which did not adopt the kind of model being enshrined in law in the Bill. It would, therefore, be good to have a review that would be as all-embracing as possible in order to see what is happening in the international market and how we compare in terms of best practice.

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