Joan Burton (Dublin West, Labour)

Will they tell us how it will be laid out?

I have a question about the legislation which relates to the crash in the stock market. The Government promised to introduce the financial services regulation Bill to simplify financial regulation. In many cases, persons approaching retirement who hold pensions and have AVCs, in which the Government encouraged people to invest, are seeing their savings being vastly reduced. This country has the highest charges on investment and financial services products of any country. Does the Tánaiste propose to regulate the industry in the interests of orderly economic development rather than those of the "masters of the universe" of the banking world?

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