Building Societies Inquiry Report
The Taoiseach said the committee had completed its report, chaired by his economic adviser and staffed by departmental representatives; building societies had been consulted, but he could not provide details of other consultations. The report was for Government use and was not expected to be published; the Government would decide whether to legislate or take other action. Disputes over the inquiry’s conduct and the scope of supplementary questions led the Ceann Comhairle to end the exchange.
asked the Taoiseach if he will give details of the final report of the Committee of Inquiry into the Building Societies; and the amending legislation which will be required following the publishing of the report.
Comment on this
The committee who have been reviewing the legislative and regulatory arrangements in relation to building societies completed their report on 25 October. The report is now being considered and such proposals as may be necessary on issues arising from the report will be brought to Government. Should legislation be required it will be brought before the House in the usual manner.
Comment on this
This is the first opportunity we have had to ask the Taoiseach about the committee of inquiry announced on 31 July last. At this stage would the Taoiseach be prepared to indicate to the House who chaired this inter-departmental committee and the members who served on it?
Comment on this
It is related to the question about the committee of inquiry. The least we would be entitled to is the names of the people who carried out that inquiry.
Comment on this
I am objecting to the Chair being insulted in this manner. I must protect the Chair and I intend to.
Comment on this
I have no objection to the Taoiseach answering if he wishes. I am objecting to Deputy Lenihan's remark. The Chair is in control of procedure in the House and intends to retain control.
Comment on this
The committee was chaired by my economic adviser, was composed of representatives from the offices of the Tánaiste, the office of the Registrar of Friendly Societies, the Departments of Finance, the Environment and Industry, Trade, Commerce and Tourism. The secretarial services were provided by my Department.
Comment on this
I take it that the Taoiseach's economic adviser is Dr. Patrick Honohan. Would the Taoiseach care to give an indication of the consultations that took place and if the building societies were consulted or approached in this matter?
Comment on this
Yes, there were consultations with the building societies and certain other representations were made or views offered.
Comment on this
Would the Taoiseach care to elaborate on that — because it is a very important aspect of the inquiry — who were consulted and particularly the other relevant institutions to which he referred. Could he give us the details?
Comment on this
I have not got the information in detail. I am sorry. The Deputy may wish to put down a further question. I know that the building societies were met and that discussions were held with them. From my recollection I could not go beyond that and I have not got further information here.
Comment on this
Would the Taoiseach confirm that the building societies were met on just one occasion? Would he be prepared to give me privately, or through his office, the names of the other agencies or institutions that were consulted?
Comment on this
I do not have any difficulty about that, but at the moment I cannot recall exactly what was involved.
Comment on this
Might the Chair point out that the question clearly asks for details of the final report of the Committee of Inquiry into the Building Societies and the amending legislation that would be necessary as a result. In the opinion of the Chair it is not reasonable to go into how the inquiry was conducted or what witnesses were heard because it is not contained in the question.
Comment on this
A Cheann Comhairle, you tried to stop the Taoiseach from answering the first question.
Comment on this
There is nothing secret about it. The Chair wants to restore order at Question Time but it is impossible for the Chair to do so unless his rulings are obeyed. There is no point in the Chief Whip of the Opposition party telling the Chair that he must get on with questions and get more work done if the Chair is going to be obstructed at every turn he takes.
Comment on this
Normally when a final report is brought to the Government it is relevant to ask these sorts of questions. Will this report be published or will it be the subject of a White Paper to be issued by the Government?
Comment on this
I do not envisage it being published. The report was commissioned with a view to providing the Governent with material for decisions. It will be brought before the Government and they will decide what action, if any, they will take. Action will either take the form of legislation through this House or, if it does not require legislation, it will be announced by the Government in the usual way.
Comment on this
There is something very odd about the whole business which involves a secret investigation and now we hear that the report will not be published.
Comment on this
I answered every question which you held to be in order and indeed I have gone beyond that. Any suggestion that I have been unwilling to answer questions is totally false.
Comment on this
Is it not usual for Members of the House by way of supplementary questions to get at least an indication——
Comment on this
Deputy Flynn, please resume your seat. I am adopting a firm attitude because I have been specifically asked to make more progress at Question Time. When I stated that I had requested and nagged for progress to be made I was told that I would have to do more. Deputies cannot have it both ways. We are moving on to Question No. 2.