Tom Kitt (Dublin South, Fianna Fail)

——as well as providing a stable banking environment. The public wants us to ensure the banks pay the appropriate charges. I am aware this will be a commercial charge that will be worked out by the Central Bank. Has the Minister had any discussions with the Central Bank on how it will calculate the charge? There should be maximum transparency on the issue. Should there not be a percentage charge on the amount of deposits held by the banks that are guaranteed by the State during the two year period in question? We need an absolute assurance that the cost will be borne by the shareholders and not by the taxpayers.

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