Bertie Ahern (Dublin Central, Fianna Fail)

I do not want to get into insurance and financial regulation, which are covered by the Tánaiste and the Minister for Enterprise, Trade and Employment. The Government's position is that it has set up the interdepartmental group which will be tasked with examining the range of legislation to enhance the accountability and transparency of regulators' operations in their entirety. These measures will strengthen oversight.

I think Deputy Burton would agree that the fact that we have oversight over these regulators and that the Oireachtas will now have oversight over them is a good thing. I have given her my general view. I have never believed that hedging is not a regulated area.

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