Ms Seána Cunningham:

It is a proposed enhancement to the fitness and probity regime, which is our protective regime, which seeks to ensure that people who, as the Deputy has said, pose a risk to consumers or financial stability do not hold key functions in financial services. What the scheme is looking at is the idea of whether there should be a timeframe, after a person has left a controlled function in financial services, during which the Central Bank, nonetheless, could commence a fitness and probity investigation.