Terence Flanagan (Dublin North East, Fine Gael)
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Question 253: To ask the Minister for Finance when he will publish the legislation to establish the Central Bank of Ireland Commission; if he will open a consultation period in relation to the draft bill; and if he will make a statement on the matter. [5132/10]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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As I informed the House previously, I intend to initiate legislation to reform the institutional structures for financial regulation early this year and in this regard I will bring proposals to Government shortly in relation to the Bill to which the Deputy refers. It will then be a matter for the Government to decide on referring the Scheme of a Bill to the Office of the Attorney General for drafting and the eventual date of publication. I can assure the Deputy that appropriate consultations with stakeholders will be followed in relation to the policy matters to be addressed in the Bill.