Seán Ryan
Question:30 Mr. S. Ryan asked the Minister for Finance if he will give a date for the establishment of a single regulator for the financial sector; and if he will make a statement on the matter. [18172/00]
Written Answers. - Financial Regulator.
Michael D. Higgins
Question:48 Mr. M. Higgins asked the Minister for Finance when he expects to bring proposals to Government for the establishment of a single regulatory authority for the financial institutions; and if he will make a statement on the matter. [18159/00]
David Stanton
Question:52 Mr. Stanton asked the Minister for Finance the current position in relation to proposals to regulate the financial services industry; and if he will make a statement on the matter. [18097/00]
I propose to take Questions Nos. 30, 48 and 52 together.
As the Deputy will be aware, the report of the McDowell implementation advisory group on the establishment of a single regulatory authority, SRA, for the financial services sector was published in June 1999. Discussions have taken place between officials of both my Department and the Department of Enterprise, Trade and Employment. The matter is being jointly considered by the Tánaiste and I.
When our proposals in this regard have been finalised, our joint proposals will be submitted to Government for decision.