Seán Sherlock (Cork East, Labour) | Oireachtas source

Ms McKiernan has already said that three times and does not need to repeat the point. I want to come to the issue of tiered regulation. We are being told that there is no tiered regulation, but if I understand the language used by Ms McKiernan today, she is telling us in couched terms - she can correct me if I am wrong - that there is tiered regulation in everything but name. Is that correct?