Joan Burton (Dublin West, Labour)
Link to this: Individually | In context

Question 195: To ask the Minister for Finance the status of the Financial Legislation Advisory Forum. [3366/09]

Joan Burton (Dublin West, Labour)
Link to this: Individually | In context

Question 198: To ask the Minister for Finance the status of the Financial Legislation Advisory Forum in view of recent developments in the financial services sector; if he plans to amend the terms of reference, focus and work of the form; and if he will make a statement on the matter. [3369/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
Link to this: Individually | In context

I propose to take Questions Nos. 195 and 198 together.

I propose to answer question 195 and question 198 together. The Advisory Forum on Financial Legislation was formally launched on 16 January 2008, with a mandate to consolidate and in so far as was possible within the timeframe envisaged for the Forum, to modernise Irish financial services legislation. The project is included as one of the action points for the financial services sector in "Building Ireland's Smart Economy" which was launched in December 2008. While the implications of the international financial crisis clearly raise issues for the work of the Forum; the consolidation of existing financial services legislation remains an important priority.

I expect the first report of the Forum in the coming months at which time the strategy and focus of the Forum can be evaluated in the context of national and international developments.