Seanad debates
Wednesday, 1 October 2008
Credit Institutions (Financial Support) Bill 2008: Committee Stage.
7:00 pm
Ivana Bacik (Independent)
I support this amendment which goes to the heart of providing a safeguard and an adequate degree of oversight to the guarantee the Bill provides. It would address some of the concerns we have with the legislation. The Minister has already indicated he would like to see a representative of the public interest appointed to the boards of institutions receiving financial support. Will he clarify if that representative of the public interest effectively would fulfil the functions envisaged in the proposed amendment?
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