Alan Shatter (Dublin South, Fine Gael)

I would like the Tánaiste to indicate that the Minister for Arts, Sport and Tourism will take the initiative and organise the meeting I have suggested with the other 26 Ministers who deal with sport in the European Union to formulate a specific policy.

I wish to raise the promised legislation on bank regulation. The NAMA legislation is now through the House and one of the great difficulties that gave rise to the cataclysmic economic circumstances in which we find ourselves in the banking collapse was the failure of regulation. Legislation has been promised to address the regulatory issues but it has still not been published. In the meantime, in other countries, including the United States, substantial regulatory measures have been put in place. When will we see the new regulatory legislation? What is the reason for the delay? Does the Tánaiste acknowledge this legislation should be given priority? Does she agree with the view expressed yesterday by the Governor of the Central Bank that salaries of bank executives should not be capped? Is that the reason the Government made a hames of the AIB issue?

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