Arthur Morgan (Louth, Sinn Fein)

Paragraph 32 refers to the covered institutions taking "all reasonable steps". That is not covered in the definition at the beginning. Can the Minister elaborate on what he would regard as "all reasonable steps"? There is no indication of it here, and the Minister's notion of this and mine may not be the same. When we go to the banks, their notion might be substantially different than ours. Perhaps he could elaborate on that. Paragraph 32 also refers to the period of the guarantee. Given the activities of these bankers, is it not appropriate that this type of monitoring should be in place beyond the terms of the scheme?

Paragraph 34 refers to steps to restructure the executive management responsibilities of the covered institutions and to strengthen its management capacity. Unfortunately, there is no capacity in the scheme for heads to roll. We are talking about strengthening the management responsibilities, and not the management team in these institutions. Would the Minister consider looking at that? It is clear to me that some of these people should be put out the door.

Paragraph 44 states that "A covered institution shall not pass on the costs of the guarantee to its customers in an unwarranted manner."

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