Joe Higgins (Dublin West, Socialist Party)
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So the Irish funds industry organisation says: "We represent the fund promoters/managers, administrators, custodians, transfer agents and professional advisory firms involved in the international funds industry in Ireland, with more than 13,000 funds and net assets of more that €3.8 trillion." Then it goes on to say, "Through its work with governmental and industry committees and working groups, Irish Funds contributes to and influences the development of Ireland’s regulatory and legislative framework." Is that worrying, that a powerful lobby can say, in effect, on one reading, that they are writing the regulation for their own industry?