Dáil
‹ Questions on Promised Legislation Stand-alone central bank code
Summary
Deputy Durkan urged a separate Bill for a new Central Bank code of conduct to curb aggressive lending practices. The Taoiseach said he was not sure it could be done but would ask the Finance Minister to consider it.
Given that the Central Bank (consolidation) Bill is unlikely to come before the House before the end of this session, might urgent consideration be given to the introduction of a stand-alone Bill to introduce a new code of conduct for application for by the Central Bank throughout the financial sector, with particular reference to the primary lenders and secondary lenders, many of which have now adopted a very aggressive stance that will end up in many homeowners being excluded from their homes in the very near future?
