Seanad debates

Wednesday, 5 July 2017

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

 

10:40 am

Photo of Gerry HorkanGerry Horkan (Fianna Fail) | Oireachtas source

I welcome the amendment. These things are difficult and involve legal costs and so on. Advisors might be involved, and it becomes very expensive. Where possible, mediation should at least be tried. It might fail and matters might have to progress to the next stage. People are being put under pressure, having gone to the FSO. If there is a situation in which mediation can be used we should use it. It should at least be tried in every situation. Sometimes it will not work, but more often it does work. That is to everybody's benefit, not just in terms of cost but also in terms of people's mental health.

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