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Dáil Éireann debate -
Thursday, 12 Oct 2000

Vol. 524 No. 1

Written Answers. - Single Financial Regulator.

Pat Rabbitte

Question:

83 Mr. Rabbitte asked the Tánaiste and Minister for Enterprise, Trade and Employment the progress made by her Department and the Department of Finance regarding the preparation of legislation to provide for a single financial regulator; and if she will make a statement on the matter. [21852/00]

Discussions have taken place between officials of my Department and of the Department of Finance and the matter is now being considered by me and the Minister for Finance. When the outstanding issues have been settled, the Minister for Finance and I will bring proposals to Government for consideration and decision.

Following the Government's decision, I would expect that any legislation required for the establishment of the authority would be promoted by the Minister for Finance.

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