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

With respect, the majority of individuals who would be in those roles would be in roles that are already defined as controlled function 1 roles under the existing fitness and probity regime. These will be individuals who will hold senior executive roles in banks but they will already be deemed to hold these by virtue of the existing regulatory framework in place for them. They are referred to as controlled function 1 roles. The standard definition of that, as the Deputy said, is a person who would have a significant influence on the conduct a regulated financial service provider.