Michael D'Arcy (Wexford, Fine Gael) | Oireachtas source

I agree with the Chairman. The funds show disrespect to the Oireachtas by their failure to appear. I was a member of this committee 13 or 14 months ago when it invited the funds to appear before it. Each fund politely wrote back to say it would not appear. I am pleased that Department of Finance officials have worked hand in glove with Deputy McGrath on the legislation, which has cross-party support, and to ensure the best and strongest regulation is put in place as quickly as possible to protect the consumers to whom the Chairman refers.