Brian Cowen (Laois-Offaly, Fianna Fail)

The issue raised by the Deputy pertains to the fact that complex financial vehicles and arrangements are in place and we have to regulate them in so far as it is possible and consistent with normal commercial arrangements to do so. With regard to the Stock Exchange, markets react to sentiments and events in the sub-prime market and across the world. Obviously, the inter-bank market has experienced turbulence and that is feeding into market sentiment and affecting bank shares.

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