Central Bank consolidation Bill
Bernard Durkan asks whether the Central Bank consolidation Bill can be brought forward to reassure European partners. The Taoiseach says it must follow the supervision legislation and is not expected until next year.
I would like to ask about the Central Bank consolidation Bill, which has been promised. Given the importance of ensuring our Central Bank is in accord with the views of our colleagues throughout Europe and the European Central Bank, is it intended to bring the legislation in question before the House at an earlier date? That would send a clear statement of our intentions with regard to banking policy to our colleagues throughout Europe.
Comment on this
The Central Bank (Supervision and Enforcement) Bill 2011 is currently moving through the Houses. The Central Bank consolidation Bill cannot be brought into effect until the supervision and enhancement Bill has been completed and implemented. It will be next year before the consolidation Bill sees the light of day.