Kieran O'Donnell (Limerick East, Fine Gael)

People are entitled to the assurance that these procedures will be put in place.

We welcome these proposals, which are necessary for the banking sector. However, we must ensure it is not the taxpayer who pays for them. The measures must provide a flow of funds from the banks to enable the economy to function. That has not been happening in recent months. I welcome the decision to allow time to thrash out the details on Committee Stage.

See this speech in context