Eoghan Murphy (Dublin Bay South, Fine Gael)
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Delays that happened in the past were necessary because Oireachtas oversight was needed. We could be in a situation where we might not have the Oireachtas sitting for four weeks for whatever reason. If there was an election scenario it would be impossible to recall the Dáil because there would not be one. At the core of this is protecting taxpayers from any negative implications of a bank going into resolution. We need to be able to make a decision for only 50% of the funds in the first four days. Unless it is an extraordinary circumstance, 50% of the funds need to be made available in those four days. To be sure that we can do that or be in a situation to do that, we give national oversight to the Minister. Again, that has not happened in other countries.