Frank Fahey (Galway West, Fianna Fail)

It also allows for the setting up of a company or body corporate as an investment vehicle. This will allow the commission the flexibility to invest through the investment vehicle where it is more efficient than investing directly. That is an important and significant amendment that will allow for future requirements in respect of liabilities that may have to be taken over as we try to correct the difficulties in the banking sector.

The other amendment in this legislation, dealing with contracts for difference, is also important.

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