Arthur Morgan (Louth, Sinn Fein)
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Question 178: To ask the Minister for Finance the reason for the delay in the appointment of the new Financial Regulator consumer consultative panel in view of the fact that the mandate of the previous panel came to an end in early October 2008; when the new panel will be appointed and will meet; and if he will make a statement on the matter. [44934/08]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The Financial Services Consultative Consumer Panel was formally established by the Financial Regulator under the Central Bank Act, 1942 (as amended by the Central Bank and Financial Services Authority of Ireland Act, 2004), with effect from 1 November 2004.

The term of office of the Consumer Panel expired on 16 October this year. I can assure the Deputy that I fully appreciate the valuable contribution the Consumer Panel makes to the work of the Financial Regulator, in monitoring performance, making suggestions and in highlighting the consumer perspective. The process for appointing the new Panel, which includes consultation with the Minister for Enterprise, Trade and Employment, is underway and I hope to appoint a new Consumer Panel as soon as possible.