Dáil debates

Friday, 17 October 2008

Approval of Credit Institutions (Financial Support) Scheme 2008: Motion

 

2:00 pm

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)

They will be made do things as required. To be clear, "A covered institution shall comply with any direction from the Minister or the regulatory authority, or both, to take specified steps to restructure its executive management responsibilities, strengthen its management capacity and improve its corporate governance." Therefore if the Minister gives a directive it must be complied with.

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