Seanad debates

Wednesday, 5 July 2017

Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Committee Stage

 

10:40 am

Photo of Rose Conway WalshRose Conway Walsh (Sinn Fein) | Oireachtas source

I move amendment No. 7:

In page 5, to delete lines 28 to 30 and substitute the following:“ “57CA.(1)On receiving a complaint, the Financial Services Ombudsman shall, as far as possible, try to resolve the complaint by mediation.”.

This amendment seeks to improve the mediation process by placing a greater emphasis on mediation. It is a question of "may" versus "should". My proposal is to resubmit the original wording of the current legislation as I feel that it places greater emphasis on mediation than the Bill before us currently does.

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