Finian McGrath
Ceist:173 Deputy Finian McGrath asked the Minister for Finance his views on a financial matter (details supplied). [21332/12]
Amharc ar fhreagraTuesday, 1 May 2012
Ceisteanna (115)
Freagraí scríofa
While Bill payment companies are not currently regulated by the Central Bank, the Government is committed to having in place an effective regulatory/supervisory system for those firms which provide a household budgeting, a debt management and/or a debt advice service. I have asked my officials to bring forward proposals for an appropriate amendment at the Committee Stage of the Central Bank (Supervision and Enforcement) Bill 2011 to provide for this regime. In relation to the details provided, I have been informed by the Central Bank that a provisional liquidator has been appointed to the company mentioned by the Deputy. It will be a matter for the liquidator to establish the amounts owed to customers and to distribute any available moneys accordingly. The Central Bank has no role with regard to the release of moneys.