Richard Bruton (Dublin North Central, Fine Gael)

I move amendment No. 5:

In page 2, before section 3, to insert the following new section:

3. The Minster shall at all times in the operation of this Act be cognisant of the broader competitive environment along with the business needs of all banks with substantial operations in Ireland.

This amendment relates to banks operating in the jurisdiction which are not covered by the guarantee. We have had a considerable debate on the matter during the course of the day and I do not want to dwell on it. I wish to ask the Minister two questions about his intention to consider applications from banks outside of the six covered.

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