Dáil debates
Wednesday, 1 October 2008
Leaders' Questions
10:30 am
Mary Coughlan (Donegal South West, Fianna Fail)
All the institutions are included in the €100,000 guarantee. We are aware of concerns being expressed. On the basis of financial instability or if there was a difficulty with the balance of flow between institutions, the Financial Regulator will inform the Minister for Finance. The Minister has indicated in the broad parts of the legislation available to him that on the basis of that information there is an instrument available to him to allow him to deal with that. It would be appropriate for that to be teased out in the context of the discussions we will have here later this morning. There is enablement in the legislation in the event of those issues having to be addressed.
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