Water services and Central Bank legislation
Deputy O’Dea asks about the water services Bill and whether Central Bank legislation will address regulatory failures and complaints against bankers. Deputy Howlin expects the water Bill this session and the Central Bank Bill next year, inviting submissions.
When can we expect to see the water services Bill? Legislation is proposed to deal with the Central Bank, including the financial regulator. That is being put forward as a consolidating measure. Will the legislation contain any substantive measures to ensure the regulator will deal properly with any complaints of malfeasance by bankers?
Comment on this
The water services Bill will be before the House in this session. The Central Bank Bill is not expected until next year, but since it is in gestation, perhaps suggestions the Deputy or the finance committee would like to make might be incorporated in the Bill.
Comment on this
So it will not just be a consolidating Bill.
Comment on this
I am not sure, but I am sure the Minister for Finance will have regard to any submissions the Deputy would like to make to the Bill.