Joe McHugh (Donegal North East, Fine Gael)

I thank Deputy Kenny for following up an issue I raised at yesterday's meeting of the Fine Gael parliamentary party in regard to the status of the financial institutions other than those six named in the legislation. I have heard speculation today that some of these unnamed institutions may be included in the remit of the Bill and that a certain formula will be devised for this purpose. Some of these institutions have been operating in the State for decades and have provided a vital service to the farming and business communities and other groups in our society. I hope the Minister will outline the specifics as to how these institutions can be included in the legislation. It is vitally important that we instil confidence in communities throughout the State where people have deposits in these institutions.

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