Dáil Éireann Debate, Tuesday - 21 March 2023
337. Deputy Róisín Shortall asked the Minister for Finance the timeline he is working toward in drafting access to cash legislation, as recommended by the Retail Banking Review; and if he will make a statement on the matter. [13584/23]
View answerThe Retail Banking Review, published in November 2022, recommended that the Department of Finance should develop Access to Cash legislation and prepare heads of a bill in 2023.
The Review also called on Department officials to prepare heads of a bill in 2023 to require ATM operators to be authorised and supervised by the Central Bank and to provide the Central Bank with responsibility and powers to protect the resilience of the cash system including the authorisation and supervision of cash-in-transit firms in respect of their cash handling activities and related financial services.
It is intended that one piece of legislation will be drafted for all three recommendations on access to cash. My officials are already working on Heads of Bill for this important piece of legislation and will bring the Heads to Government before the end of this year to seek approval to draft the Bill and to submit it for pre-legislative scrutiny to the Joint Oireachtas Committee on Finance, Public Expenditure and Reform and the Taoiseach.
