Written answers

Tuesday, 8 July 2014

Department of Finance

Legislative Process

Photo of Éamon Ó CuívÉamon Ó Cuív (Galway West, Fianna Fail)
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176. To ask the Minister for Finance the number of Bills his Department has published since March 2011; the number of regulatory impact assessments his Department has published since March 2011; and if he will make a statement on the matter. [29293/14]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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In response to the Deputy's question, the Department of Finance undertakes Regulatory Impact Analyses (RIA) in accordance with the latest guidelines as published by the Department of the Taoiseach. A RIA is carried out where it is deemed necessary to do so in respect of a policy or programme that is being developed. There are cases where a RIA is not required. For example, a RIA is not required in the case of emergency legislation. Neither is a RIA required for the Finance Bill which is exempted from the requirement in the Cabinet Handbook.

In the period in question, March 2011 to July 2014, a total of twenty five Bills have been published by me as Minister for Finance. They are as follows:

1 Finance (No. 2) Bill 2011

2 Ministers and Secretaries (Amendment) Bill 2011

3 Central Bank and Credit Institutions (Resolution) (No. 2) Bill 2011

4 Finance (No. 3) Bill 2011

5 Central Bank (Supervision and Enforcement) Bill 2011

6 Insurance (Amendment) Bill 2011

7 European Financial Stability Facility and Euro Area Loan Facility (Amendment) Bill 2011

8 Bretton Woods Agreements (Amendment) (No. 2) Bill 2011

9 Finance Bill 2012

10 Euro Area Loan Facility (Amendment) Bill 2012

11 European Stability Mechanism Bill 2012

12 Fiscal Responsibility Bill 2012

13 Betting (Amendment) Bill 2012

14 Credit Reporting Bill 2012

15 Credit Union and Co-operation with Overseas Regulators Bill 2012

16 Finance (Local Property Tax) Bill 2012

17 Euro Area Loan Facility (Amendment) Bill 2013

18 Irish Bank Resolution Corporation Bill 2013

19 Finance Bill 2013

20 Finance (Local Property Tax) (Amendment) Bill 2013

21 Betting (Amendment) Bill 2013

22 Finance (No. 2) Bill 2013

23 Central Bank Bill 2014

24 National Asset Management Agency (Amendment) Bill 2014

25 Strategic Banking Corporation of Ireland Bill 2014

Regulatory Impact Assessments were completed for the five following Bills, four of which have been published;

1 Central Bank (Supervision and Enforcement) Bill 2011

2 Fiscal Responsibility Bill 2012 in the form of a Screening Regulatory Impact Assessment.

3 Credit Reporting Bill 2012 in the form of the Report of the Inter-Agency Working Group on Credit Histories.

4 Credit Union and Co-operation with Overseas Regulators Bill 2012

5 Strategic Banking Corporation of Ireland Bill 2014

The RIA's in respect of the Central Bank (Supervision and Enforcement) Bill 2011 and the Credit Union and Co-operation with Overseas Regulators Bill 2012 were published before the publication of the Bill. The RIA in respect of the Credit Reporting Bill 2012  was published at the point of publication of the Bill.  The RIA in respect of the Strategic Banking Corporation of Ireland Bill 2014 was  published on 7th of July 2014, shortly after the publication of the Bill  on the 4th of July 2014.

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