Seanad debates
Wednesday, 9 April 2003
Central Bank and Financial Services Authority of Ireland Bill 2002: Report and Final Stages.
Senator Higgins also raised the issue of the number of years after which a review will take place. The Minister's uncertainty in regard to the number of years relates to the No. 2 Bill and when it will finally be enacted through both Houses of the Oireachtas and submitted to the President for signature. It is clearly an important Bill and, in a sense, it is difficult to assess the whole area before both items of legislation are in full operation. It is important to note that a measure of accountability of the new authority will be established from 1 May in regard to the Houses of the Oireachtas and its committees. There is nothing to prejudice or prevent an assessment at any stage of this new institution in that context.
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