Seanad debates

Wednesday, 27 June 2018

10:30 am

Photo of Jerry ButtimerJerry Buttimer (Fine Gael) | Oireachtas source

-----and the Department of Finance have been working together to investigate the feasibility of a new model of community banking for our country. That includes the German Sparkassen model for the development of local public banks. The Department has engaged in a process of public consultation to seek views about the concept of the community banking model. The report has been completed. The Minister for Finance, Deputy Paschal Donohoe, and the Minister for Rural and Community Development, Deputy Michael Ring, have submitted the report to Government for consideration. The Minister, in a reply to a parliamentary question on 14 June, said he anticipates the report will be published very shortly. The Minister, Deputy Naughten, is not responsible for community banking-----

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