Oireachtas Joint and Select Committees

Thursday, 7 July 2016

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Single Resolution Board (Loan Facility Agreement) Bill 2016: Committee Stage

11:00 am

Photo of Joan BurtonJoan Burton (Dublin West, Labour) | Oireachtas source

Post-Brexit we are moving into a different era and market regulation in Ireland is much softer in practice than in most countries. We have very little prosecution of white collar crime in this country. I would appreciate if the Minister of State would send a note to me, and on Report Stage I will certainly consider that it should be stated explicitly. After all, we will be trying to compete with mobile investments which may leave the City of London. It is very important that our regulation should be as tough as that of anyone else. It should be a percentage and not a fixed amount, and this should be specifically stated.

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