Banking Sector

3 contributions · 3 speakers · 96 words

Summary of this debate

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The ability to do business with cash is so valuable for so many different people throughout the country, and a key part of the ability to do your business in cash is to have access to an ATM network, to be able to get the cash out of the bank. Is the Minister in a position to ensure that all the ATMs will be registered and regulated? Increasingly, ATMs are not associated with the banks but more independent operators are on it.

The access to cash legislation is at a very advanced stage of preparation. In essence the Bill will provide for the registration and regulation of ATMs including ATM deployers. It will also protect cash lodgment services for businesses, within branches.

Built by scoring every sentence in the debate on how distinctive its language is, then quoting the highest-scoring ones back word for word and in the order spoken. Nothing is paraphrased or invented — if a sentence appears here, it was said in the chamber. Drawn from 96 words across 3 contributions by 3 speakers.

Most used terms in this debate

How often each word appears across the whole debate, ranked by how distinctive it is to this debate rather than common to all parliamentary language.

cash 6

atms 3

atm 2

lodgment 1

regulated 2

deployers 1

registered 2

completes 1

bill 3

bank 2

ecb 1

access 3

The full debate

All 3 contributions, start to finish, in the order they were made.

FF Aindrias Moynihan

FF Michael McGrath

In short, the answer is "Yes, Deputy". The access to cash legislation is at a very advanced stage of preparation. We need to consult the European Central Bank because some of the matters in the Bill are relevant to the functions of the ECB but I expect we will be sending a copy of the Bill to it in the next number of weeks. In essence the Bill will provide for the registration and regulation of ATMs including ATM deployers. This will protect access to cash. It will also protect cash lodgment services for businesses, within branches. It is a very important piece of legislation and it is my intention to ensure it is passed later this year.

CC Catherine Connolly

That completes questions to the Minister for Finance.