Seanad debates
Thursday, 16 December 2010
Credit Institutions (Stabilisation) Bill 2010: Committee and Remaining Stages
3:00 pm
Brian Lenihan Jnr (Dublin West, Fianna Fail)
A number of points were raised. Senators O'Toole and Donohoe referred to shareholders. Decisions on the shareholders can be taken by the manager. That is part of the European framework that is being developed in this area.
With regard to confidentiality, one must consider the relevant section in conjunction with section 72 which, in turn, refers to the Schedule. In this regard, the Central Bank is legally able to share confidential information to facilitate itself, the Governor, the Minister, the head of financial regulation or a special manager. It is essential-----
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