Mr. Kevin Murphy:

Deputy Niall Collins asked me a question about deposit accounts, under head 17, which I forgot to answer. My expectation is that the legislators will need to call in the Central Bank to investigate the basis on which deposit accounts are held for punters. To illustrate the issue, the terms and conditions of one bookmaker state:

Your Account is not a bank account and is therefore not insured, guaranteed, sponsored or otherwise protected by any deposit or banking insurance system or by any other similar insurance system ... As such, we do not provide particular protection for the monies deposited in your Account in the event of our insolvency or a similar event.

There are tens of millions of euro in these accounts. It is an issue to which the Department of Justice and Equality should alert the Central Bank as a matter of urgency.