Seanad debates

Tuesday, 22 June 2004

Central Bank and Financial Services Authority of Ireland Bill 2003: Committee Stage

 

4:00 pm

Photo of Maurice CumminsMaurice Cummins (Fine Gael)

I move amendment No. 15:

In page 59, line 27, after "services" to insert "and that at least two members have knowledge or experience of systems for the protection of consumers".

This is similar to previous amendments. People who have knowledge and experience of systems for the protection of consumers should be appointed. Senator Mansergh said that may not be a good idea but it is important, in this instance, that people with such experience should be appointed. Amendment No. 16 relates to people who do not have ties to the financial service providers. This issue has also been raised under previous amendments.

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