Fergus O'Dowd (Louth, Fine Gael) | Oireachtas source

Section 42(1) states:

The Minister has the functions provided for under subsection (2) where, following consultation with the Central Bank, the Minister is of the opinion that the performance of the functions so provided is necessary, in the public interest, for either or both of the following purposes:
(a) to remedy a serious disturbance in the economy of the State;
(b) to prevent potential serious damage to the financial system in the State and.....

Accountability always rests with the political system. That is where it is at. The Minister will be accountable just as we are today. That is how it should be. We are elected to take those decisions and accept responsibility for them.