Seanad debates

Wednesday, 1 October 2008

Credit Institutions (Financial Support) Bill 2008: Committee Stage.

 

6:00 pm

Photo of Jim WalshJim Walsh (Fianna Fail)

I agree with the thrust of section 5(3)(c) but I wonder if there is a lacuna. Perhaps there is not but the Minister might clarify this. In an emergency which, it was found at the time, was not covered by the regulations, would section 5(3)(c) become an impediment to swift action being implemented? Could this happen in a case where secrecy might be paramount? Perhaps it would not, but I am concerned.

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