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)

That is a fair question but the whole point about the scheme, if one examines its contents and the statement already made by the regulator concerning the implementation of the scheme, is the intense degree of supervision that we are now exercising in the banking sector. The Deputy is right to say that is inseparable from the character of the guarantee we have given. We have to exercise that intensive level of supervision over these institutions to safeguard ourselves.

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