Heather Humphreys (Cavan-Monaghan, Fine Gael)
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We want to prevent this from happening again. Passporting is a vehicle which enables all financial service providers operating within the European economic area to provide services on a cross-border basis. Does the Central Bank take the view that there should be a review of passporting requirements? What steps does the bank take when providers are offering products that clearly have been priced at an uneconomic rate? Does it have any role in respect of companies registered outside Ireland that are providing products at a reduced premium?