Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Regarding the size of the shadow banking sector in Ireland, in his opening statement Dr. Stewart identified assets in excess of €1 trillion, which is enormous. The banking assets held by section 110 companies are staggering. Given the problem of that, there is very little research into how our shadow banking sector is operating. The Committee on Budgetary Oversight wanted to examine some of the tax expenditures and was told it was not possible to examine section 110 which is concerning in this day and age.

My colleague, Deputy Mairéad Farrell, has been championing this section 110 issue since she was elected. She has raised this a few times with the Taoiseach. When she raised the issue of section 110 being used by Russian companies with the Taoiseach recently, he said he had no problem with a cost-benefit analysis of section 110 being undertaken. Does Dr. Stewart believe it would be timely to undertake such an analysis of section 110 companies?