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Dáil
‹ Order of Business

Central Bank Bill financial review

Summary

Deputy Mathews seeks a framework within the Central Bank consolidation legislation to review financial-sector risks and credit-union concerns regularly. The Chair rules that the Bill’s contents cannot be debated on the Order of Business; the Tánaiste says it will consolidate existing legislation and is due next year.

Will the Government consider creating a framework of appraisal or review of the financial sector within the Central Bank (consolidation) Bill to evaluate and assess on a quarterly basis the percentage in value and the percentage in various maturity dates-----

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Seán Barrett An Ceann Comhairle Fine Gael

Sorry, Deputy-----

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There is a danger here that the credit union-----

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Seán Barrett An Ceann Comhairle Fine Gael

The content of the Bill can be discussed when it comes to the House. We are not talking about what should or should not be in the Bill.

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There must be a purpose to a Bill.

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Seán Barrett An Ceann Comhairle Fine Gael

Yes.

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The purpose of the Bill is to consolidate the financial sector-----

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Seán Barrett An Ceann Comhairle Fine Gael

Correct.

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-----under the Central Bank. Unless there is an objective in creating this legislation, which is to-----

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Seán Barrett An Ceann Comhairle Fine Gael

We cannot discuss the content of a Bill at this point.

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I am talking about just a broad overview framework.

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Seán Barrett An Ceann Comhairle Fine Gael

That is fine, but the Deputy cannot do it on the Order of Business. That is what I am trying to explain to the Deputy. We do not do that on the Order of Business. We have the Topical Issue debate, parliamentary questions and committee work.

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My question is-----

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Seán Barrett An Ceann Comhairle Fine Gael

What is the question?

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-----whether it will address all these concerns.

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Seán Barrett An Ceann Comhairle Fine Gael

That is not a matter for the Tánaiste at this stage. When is the Bill due?

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The Central Bank (consolidation) Bill is consolidating the legislation that is enacted. It is to pull it all together into a single piece-----

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My question-----

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-----of legislation in order that the public can get a better understanding of it.

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Seán Barrett An Ceann Comhairle Fine Gael

When is it due?

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The work on the consolidation exercise is proceeding and it will be published next year.

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Seán Barrett An Ceann Comhairle Fine Gael

The Deputy has ample time to raise the matter in the Topical Issue debate or parliamentary questions in order that it can be considered before the Bill is published. Alternatively, he can raise it at the committee, but not on the Order of Business.

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