Eoghan Murphy (Dublin Bay South, Fine Gael) | Oireachtas source

Just to avoid confusion, I spoke about the volume of correspondence and documentation I have seen and without having the letter in front of me, it is difficult to be sure that I have seen it and discussed it. I thought that the Deputy was suggesting that the Central Bank was talking about new powers but clearly it was not. What I mean is that since the committee has met, the Central Bank has not come to us and said, "In addition to the engagements we are having, we are proposing these new powers". Of course, I was made aware of the interactions between the Central Bank and the officials that were happening prior to my appointment to this role. Apart from that letter and some other items of correspondence that have come through, nothing new has been suggested since the task force first sat in July.

That is being developed and we are having those discussions with the Central Bank. We will not be remiss in ensuring that they have the proper powers. Solvency was the priority.