Joan Burton (Dublin West, Labour)

I am glad the Minister is introducing the scheme which was the subject of the Labour Party's first amendment on Committee Stage. However, a difficulty arises. Will the Opposition be briefed on a regular basis, particularly if implementation of the scheme is delayed? There are a number of serious and pressing questions. For example, has the Financial Regulator yet been empowered to increase supervision in respect of the applicant banks? Is there any protection for the economy in respect of the flow of "hot money" and other assets into this jurisdiction from those seeking to avail of the guarantee?

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