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Credit Ratings

Dáil Éireann Debate, Tuesday - 2 October 2012

Tuesday, 2 October 2012

Questions (129)

Derek Nolan

Question:

129. Deputy Derek Nolan asked the Minister for Finance the progress made to date on setting up a Central Credit Register; when legislation on the matter will be published; when the register will be up and running; and if he will make a statement on the matter. [41566/12]

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Written answers

The Credit Reporting Bill 2012 was published last Friday, 28th September 2012. It was a commitment under the EU/ECB/IMF Programme of Financial Support to have the Bill published before end September. When the Bill is enacted and the necessary tendering processes are finalised, the Central Credit Register will be established. It is not possible at this early stage to give an accurate timeframe for completion of this work.

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