Seanad debates

Tuesday, 23 October 2018

Markets in Financial Instruments Bill 2018: Committee and Remaining Stages


2:30 pm

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

What we need to see happen with respect to the armoury the Minister of State mentioned is for people to be held to account. To be fair to him, whatever else about him, he is a straight shooter, he does not hold back and he is a man for whom I have great admiration. There is no point in having all the armoury and all these tools in the holster if people are not held to account. To return to my fundamental point, people were driven cracked by the lack of accountability. In their dealings with insurance companies and banks, people talk about the small print, the fine print, having to shop around and all the different types of products. There is also an obligation on those institutions to be honest with people, which they are not in some cases.


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