Seanad debates
Tuesday, 22 June 2004
Central Bank and Financial Services Authority of Ireland Bill 2003: Committee Stage
4:00 pm
Brian Lenihan Jnr (Dublin West, Fianna Fail)
I gather the McDowell report recommended a revised form of appeal where a specialised appeals tribunal would be established to deal with appeals in this area. In this context, the Bill, as drafted, was flawed because it did not contain any appeals mechanism. I know there was a certain hankering for the old appeals system through the regular recourse to the court but the Minister decided to follow the McDowell recommendation in this respect and provide for appeal to an appeals tribunal.
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