Dáil debates
Friday, 17 October 2008
Approval of Credit Institutions (Financial Support) Scheme 2008: Motion
2:00 pm
Joe Costello (Dublin Central, Labour)
The Financial Regulator is seeking to recruit an additional 20 staff. My understanding is that the cost of running the Office of the Financial Regulator, which is in the region of €50 million to €60 million per annum, is undertaken jointly by the taxpayer and the banks. Can we have a decision that the entire cost will be borne by the banks?
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