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Proposed Legislation

Dáil Éireann Debate, Wednesday - 27 January 2021

Wednesday, 27 January 2021

Questions (180)

Neale Richmond

Question:

180. Deputy Neale Richmond asked the Minister for Finance the timetable for the introduction of the senior executive accountability regime including the publication of supporting legislation; and if he will make a statement on the matter. [3560/21]

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Written answers (Question to Finance)

As the Deputy will be aware, the Programme for Government includes a commitment to introduce a Senior Executive Accountability Regime (SEAR). SEAR will drive positive changes in terms of culture, greater delegation of responsibilities, and enhanced accountability while simplifying the taking of sanctions against individuals who fail in their financial sector roles.

My officials are currently engaging with the Attorney General's Office in advance of submitting draft heads of Bill to Government so as to ensure that the correct balance is struck between appropriate additional powers for the Central Bank and the protection of individuals' constitutional rights.

It is my intention that draft heads of Bill will be presented to Government for approval in the near future.

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