gnf_ireland
Registered User
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Reading through the ministers statement yesterday and those from other sources, there appears to be a belief within the financial community that the Variable Rates bill may be a long and drawn out process.
Brendan mentioned yesterday and in the papers as well this morning relating to Section 7 - treating new customers and existing customers equally. It is a few lines which would make a large difference to a reasonable number of customers.
While it does not solve everyone's scenario, there can be few 'constitutional' distractions to it and therefore could be implemented quickly if there was the political will to do it. I believe Fianna Fail have this political will, especially in a minority government scenario.
I would love to see Michael McGrath split out this section into a different bill, just to see how the Central Bank and Dept of Finance try and defend it !
Are there any downsides to this proposal?
Brendan mentioned yesterday and in the papers as well this morning relating to Section 7 - treating new customers and existing customers equally. It is a few lines which would make a large difference to a reasonable number of customers.
While it does not solve everyone's scenario, there can be few 'constitutional' distractions to it and therefore could be implemented quickly if there was the political will to do it. I believe Fianna Fail have this political will, especially in a minority government scenario.
I would love to see Michael McGrath split out this section into a different bill, just to see how the Central Bank and Dept of Finance try and defend it !
Are there any downsides to this proposal?