Liz McManus (Wicklow, Labour)

That is not the experience elsewhere, if the Minister of State looks at it. When this was considered, the economy still appeared to be doing well, whereas it is in a desperate state now. Surely that should inform the Minister of State's judgment. We will move to converge both regulators at some point in the future. Quite apart from the economic argument, we must also meet the needs of changing technologies by adopting a modern day approach instead of one that applied seven years ago.

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