Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

This is an important point although it may not be widespread at the moment. It is likely that we will move in that direction, although it depends where people decide to go. It will become easier for people to access credit and to have deposit accounts in other EU member states. If this is about ensuring banks do not overlend, the problem is that if I have overstretched myself with the credit union or with AIB and then decide to go to a bank in Birmingham or London and apply for a credit facility when there is no requirement on the bank to access this register, I am putting all three institutions in jeopardy. Therefore, the credit union or AIB is less likely to get paid.