Seanad debates
Thursday, 27 June 2013
Central Bank (Supervision and Enforcement) Bill 2011: Committee Stage
11:30 am
Sean Barrett (Independent) | Oireachtas source
Is there a possibility the phrase "any other body" is too vague? As consumers, we want to have specified bodies referred to. Referring to "any other body" allows for discretion when society wants better value from Irish banks. I am sure the Governor and his very able staff will consult the bodies I have mentioned. Should it be discretionary? How will we enforce it? They may say that they do not have to bother with it and that they consulted the Irish Rugby Football Union. Should it not be more specific? I will not press the amendment but, in the interest of the consumer, I question whether the phrase is strong enough.
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