Seanad debates
Tuesday, 22 June 2004
Central Bank and Financial Services Authority of Ireland Bill 2003: Committee Stage
3:00 pm
Maurice Cummins (Fine Gael)
I move amendment No. 1:
In page 5, before section 2 but in Part 2, to insert the following new section:
"2.—Section 33E of the Central Bank Act 1942 (as inserted by section 26 of the Central Bank and Financial Services Authority of Ireland Act 2003) is amended by the insertion of the following subsection after subsection (1):
'(1A) At least one non-executive person with experience in consumer protection to be appointed to the Board.'.".
I welcome the Minister of State, Deputy Brian Lenihan. It is proposed in the amendment that at least one non-executive person with experience in consumer protection be appointed to the board because the adequacy of enforcement measures are of paramount importance in dealing with this Bill.
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