Brian Lenihan Jnr (Dublin West, Fianna Fail)

This is in Part 2 of Schedule 2, to insert "the Bank or" after "relating to". It is a technical amendment which clarifies the independence of the Governor of the Central Bank in the restricting of budgetary or funding or matters concerning the bank as well as the regulating authority. Its aim is to ensure the independence of the Governor is preserved in respect of his or her functions at a European level, as required under EU law. The amendment ensures the Governor has sole discretion in relation to budgetary and funding decisions which concern the bank as well as the regulatory authority.