Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

The availability of more financial services within our State is probably separate to many of the elements to which we are referring and which form part of banking union. What is more likely to lead to more services being provided or to services being provided at a more competitive price is first, fintech and new financial services coming into our country and second, the balance sheets of our banks improving so that they are able to offer better rates of interest and more services to customers. The focus of banking union overall is to deal with the stability of the banking union rather than the issues to which Deputy Michael McGrath refers.