Dáil Éireann Debate, Wednesday - 15 January 2014
166. Deputy Dominic Hannigan asked the Minister for Finance if the review of section 149 of the Consumer Protection Act 1995 undertaken by his Department has been completed; if the review will be published; and if he will make a statement on the matter. [1812/14]
View answerThe Programme Documents (the Memorandum of Understanding on Specific Economic Policy Conditionality and the Memorandum of Economic and Financial Policies) agreed following the 10th Review of the EU-IMF Programme of Financial Support include a commitment to carry out an assessment of banks’ fee income by end-December 2013 as follows:
The authorities will assess banks’ fee income relative to peers in selected other jurisdictions. Based on this assessment they will complete an external review of the regulation of bank fees.
The assessment and review were undertaken by the Department and completed in December 2013. The review was sent to the Troika on completion and my intention is that the report will be published shortly.
