Enda Kenny (Mayo, Fine Gael)

Yesterday I made the point that this is about a stable banking system, not protection of management. A number of financial institutions licensed and incorporated in Ireland and whose liquidity, capital and solvency are regulated in Ireland are not part of the guarantee system. Has the Government considered a mechanism for ring-fencing the Irish activities of those financial institutions to keep a competitive playing pitch for financial activities? Is the Government in a position to do that on the basis of all those activities being regulated here but a number of those institutions not being part of the guarantee to the six financial institutions mentioned in the Bill? What does the Government propose to do about that?

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