Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

Let me use an example of the problems that the Central Bank might face. If a company does all its business in Malta, but the Central Bank in Ireland is the body that licenses it and is responsible for its prudential regulation, is it not harder to the Central Bank to keep an eye on it if it is doing all its business in Malta? Similarly it had to be quite difficult for Maltese authorities to keep an eye on companies that operate in Ireland