Lucinda Creighton (Dublin South East, Fine Gael)
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Question 114: To ask the Tánaiste and Minister for Finance the EU Directives awaiting incorporation into Irish law in his Department; the deadline for incorporation; the date he foresees for implementation of each directive; and if he will make a statement on the matter. [27312/07]

Brian Cowen (Laois-Offaly, Fianna Fail)
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There is one EU Directive awaiting transposition into Irish law by my Department at the current time.

Directive 2007/18/EC makes two minor technical amendments to the Capital Requirements Directive (2006/48/EC) relating to the treatment of financial exposures to certain institutions and multilateral development banks. This Directive was due for transposition on 30th September 2007. It is currently at legal drafting stage. I expect that this directive will be transposed very shortly.

I wish to assure the Deputy that every effort is being made in my Department, in conjunction with the Office of the Attorney General, to ensure that Directives are transposed on time.