Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

I wish to read something into the record to enable Report Stage amendments to be taken later on. The Minister of States, Deputy Brian Hayes, on Second Stage flagged the fact I would table an amendment to the Central Bank Act 1971 to provide an authorisation regime for branches of third country banks. These branches would be subject to the same standards of regulation as those branches currently passporting into Ireland from within the European Union. My Department is currently finalising the amendment with the Office of the Attorney General and I expect to bring it forward on Report Stage.

Amendment Nos. 1, 27 and 29 are technical in nature. Amendment No. 1 corrects a reference in section 1. Amendment No. 27 is a technical amendment to section 6 of the Irish Bank Resolution Corporation Act 2013 and relates to the Bankers’ Books Evidence Act 1879. It provides for the procedural admissibility of evidence rule. This is one of the permitted exceptions to the hearsay evidence rule and facilitates the admissibility of bankers' books into evidence in all legal proceedings. This amendment mirrors a similar provision in section 191 of the NAMA Act 2009. Amendment No. 29 corrects a reference in the Second Schedule.