Robert Troy TD spoke in the Dáil: Central Bank (Amendment) Bill 2025: Committee Stage

Robert Troy TD, the Fianna Fáil representative for Longford‑Westmeath, took part in the committee stage debate on the Central Bank (Amendment) Bill 2025 in the Dáil on Tuesday. The bill, which seeks to amend the Central Bank Act to introduce new regulatory provisions, was examined by the Finance Committee before being sent to the full house. Mr Troy raised points about the need for clearer oversight of banking operations and the importance of maintaining public confidence in the financial system. He also highlighted the potential impact of the amendments on small and medium‑sized enterprises in rural counties, including his own constituency in Co Westmeath.

During the session, Mr Troy asked the Minister for Finance to clarify how the proposed changes would affect the Central Bank’s supervisory powers and whether additional resources would be allocated to support the implementation of the new rules. He noted that the bill’s provisions on transparency and accountability could help prevent future financial crises and protect consumers. The Minister responded that the amendments were designed to strengthen the regulatory framework while preserving the bank’s independence.

The debate was part of a broader review of the Central Bank Act, which has been under scrutiny since the 2018 financial reforms. Mr Troy’s comments were recorded in the official minutes of the committee meeting, which are available on the Oireachtas website. He also expressed support for the bill’s emphasis on digital banking oversight, citing the growing importance of fintech in Ireland’s economy.

Outside the Dáil, Mr Troy was involved in a local matter in Mullingar. The Oireachtas record notes that he has been granted permission to raise the front boundary wall on Lynn Road from 1.2 metres to 2.1 metres, a decision made on 8 May 2026 with conditions attached. The approval reflects his ongoing engagement with community issues in his constituency.

For more details, see the Oireachtas record of the committee debate and the local news coverage of the boundary wall approval.

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