Dáil Éireann Debate, Thursday - 9 November 2017
32. Deputy Thomas P. Broughan asked the Tánaiste and Minister for Business, Enterprise and Innovation the further steps she is taking to prevent anti-competitive collusion in the banking sector; and if she will make a statement on the matter. [47375/17]
View answerThe Competition and Consumer Protection Commission (CCPC) is the statutory body responsible for the enforcement of competition and consumer law in the State. Section 9(5) of the Competition and Consumer Protection Act 2014 provides that the CCPC is independent in the performance of its functions, including carrying out investigations of suspected breaches of competition law. As investigations and enforcement matters are part of the day-to-day operational work of the CCPC, I, as Minister for Business, Enterprise and Innovation have no direct function in the matter.
Policy responsibility for the banking sector is a matter for the Minister for Finance while the regulatory authority for the banking sector is the Central Bank.
