Joan Burton (Dublin West, Labour)

On promised legislation, can the Taoiseach indicate regarding the new central bank Act, which is meant to provide for a new structure of regulation, whether it is proposed to legislate for a situation whereby it will not be possible for the same person to be the chairman and chief executive of a bank? That has led to the downfall of several of our financial institutions and is specifically provided for in the letter he read into the record of the Dáil that was, correctly, the subject of my statement yesterday. It was correct because he confirmed on page 2 of the statement, regarding Allied Irish Banks, that this arrangement will continue until 2010.

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