Brian Stanley (Laois-Offaly, Sinn Fein) | Oireachtas source

That brings me to the next question. Four to five years more would deal with what is there at the moment. One would hope, given the guarantees we are hearing about this morning about a better framework being in place both at a European level and nationally in terms of the regulation of the insurance industry, that we will not have too many of these events in the future. We hope that no insurance company will be allowed to get as far as these companies got by the time the State stepped in to pick up the liability. This could happen again in the future but hopefully not on the scale that we have seen to date or as frequently. Am I correct in saying that the Central Bank believes there should be a permanent insurance guarantee fund in place? Would that be the view of the Central Bank?