Brian Lenihan Jnr (Dublin West, Fianna Fail)

The first element of public confidence was established by the appointment of the new regulator, who has certainly inspired confidence in all his actions to date. As I indicated to the House yesterday, I intend to ensure any legislation introduced enhances his independence and freedom of action and ensures that a credible statement is made both at home and abroad about the proper regulation of our banking system.

We will have to deal with three items of legislation pertaining to the Central Bank and while I accept the third will be a consolidation measure-----

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