Mr. Seamus Maye:

We broadly support everything the Senator said. We do not have a good record in this country in dealing with white collar crime. We need to throw the book at insurance fraud, of which there is a huge amount. We also need to throw the book at the legal costs involved in dealing with personal injury cases.

They are several times what they should be. The proof is there in the UK. There are law firms in Ireland getting €15,000 in fees for small injury claims and the equivalent solicitor in the UK is getting €1,500. That is ten times the amount. Who is going to look at it? We simply do not have the tools to look in through the window and see what is going on. I would be happy if I got nothing out of this presentation other than agreement to pursue an enterprise Act. We use it in the UK and it is every effective. We had a market investigation into the cement sector in the UK and it resulted in the forced sale or divestment of one cement factory and two cement substitute factories. It works. We have been trying in vain in this country for 27 years. We need regulation. Simply, we will not regulate ourselves.