Central Bank Bill 1996

Public bill · Government · Presented

The measure would give the Central Bank power to approve and supervise payment systems, including electronic settlements, and to regulate bureaux de change through compulsory authorisation and anti-money-laundering conditions. It would also bring investment intermediaries under a single Central Bank supervisor, strengthen inspections and enforcement against unauthorised banking, and allow rules for cross-border transfers. These changes would aim to make financial payments and services safer, more orderly and more transparent, while modernising the Central Bank’s wider powers.

Formal long title

Bill entitled an Act to make provision for the regulation by the Central Bank of Ireland of payment systems and bureaux de change, and to amend and extend the Central Bank Acts, 1942 to 1989 and other enactments, and to provide for related matters

Last updated 20 November 2019