Dáil debates

Wednesday, 31 October 2007

Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: From the Seanad

 

5:00 pm

Photo of Richard BrutonRichard Bruton (Dublin North Central, Fine Gael)

The Tánaiste has clarified the issue. If there is any dealing with the consumer, a business will be regulated. If it deals at wholesale level, it may not be regulated. If there is a chance that the business deals in junk bonds, the regulator will have the discretion to say yea or nay about the products.

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