Brian Cowen (Laois-Offaly, Fianna Fail)

-----without it being a huge conglomerate. The idea that one would be taking on very many staff is something that has to be considered by the NAMA in terms of what is the best and most efficient way of doing that. It will be a matter for decision by the NAMA.

In the first instance, we have to establish an interim board and an interim executive and allow them the time to devise the implementation plan that is necessary. We have set the policy direction. A lot of work must now be undertaken to get it up and running in a pragmatic way, to work thereafter on the legal arrangements that will have to be put in place and debated in the House and, in the coming months, to enable all of that to start to take shape. It is a mammoth task, but it is important to point out that the first pragmatic step is to allow the interim board and the appointed executives to set out a detailed implementation plan. We can see the path forward on that basis.

See this speech in context