Paul Murphy (Dublin South West, Solidarity) | Oireachtas source

One of the things that is advocated as a way of minimising the capacity for exploitation of shadow banking is public registries of beneficial ownership so we get to see who benefits from whatever financial set-up exists. There is now a public registry of beneficial ownership in Ireland. It was set up some time this year. However, I understand that only 12% of companies have registered who is their beneficial owner at this point in time. Is this something that concerns the Central Bank? Is it something on which action needs to be taken to ensure we know 100% where beneficial ownership resides?