Dáil Éireann Debate, Wednesday - 17 December 2014
47. Deputy Clare Daly asked the Minister for Finance the reason a company (details supplied) was fined only €105,000 for breaching the Consumer Credit Act 1995, despite the fact that it has a turnover of €4.5 billion. [48552/14]
View answer48. Deputy Clare Daly asked the Minister for Finance the legal firm that advised the Central Bank of Ireland regarding their determination in relation to the breaches of the Consumer Credit Act 1995 by a company (details supplied); and if his attention has been drawn to conflicts of interest there. [48553/14]
View answerI propose to take Questions Nos. 47 and 48 together.
The Central Bank has informed me that in any circumstance where it engages an external law firm to assist it, the Bank will ensure prior to the engagement of the firm that all appropriate checks are carried out, including a check to ensure that no concerns regarding conflicts of interest arise.
I have asked the Bank for further details in relation to these questions and it has not been able to respond in the time available. However, I will arrange for the information to be supplied to the Deputy when it becomes available.
