Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

That leads me to my last question for the moment. Mr. Carrigan has indicated that as Europe moves to some level of regulation in this area, there seems to be a divergence of views. I note the cautionary tone in his message on what would be an appropriate level of regulation. I noted the way he broke down statistics for what was happening in the USA on funding structures, as well as in Ireland and Europe. Will we end up with a harmonised approach between Ireland and the USA or will we end up with a divergent view on how this area of finance is regulated between both regions?