Michael Noonan (Limerick City, Fine Gael)
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There are various ways of looking at this but we want to maintain the relationship between reviewer and reviewed in the first instance. We drew on the experience in the UK, which has had legislation along these lines for approximately ten years. This approach seems to work well in practice. I am sure the Deputy's observation is correct. In terms of regulation, the officer appointed by the Central Bank to go in would be a higher order of regulation than what is contained in this section. They coexist, however.