Seán Barrett (Dún Laoghaire, Fine Gael)

I agree with the points made about the need for confidence. We can stay here all day going through the 53 paragraphs of the scheme. The legislation would be successful if the scheme were never used. This is a matter of confidence. It is our job to ensure that we have a stable banking system in which people have confidence and in which they are prepared to invest their money on deposit. I refer the Minister to the explanatory memorandum of the scheme and the provision for regulatory supervision. That is the most important aspect of the scheme.

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