Tom Sheahan (Kerry South, Fine Gael)

The purpose of the Central Bank (No. 2) Bill is to address the necessary changes and enhancements to the regulatory functions of the Central Bank and Financial Services Authority of Ireland. A constituent who has €2.3 million in borrowings from a particular bank visited my office on Monday. This man's business is above board and all his loans are performing. He approached his bank for a loan of €300,000 and was offered €2.7 million if he would go into NAMA.

See this speech in context