Thomas Byrne (Meath East, Fianna Fail)

However, keeping the panel would be more image than reality, since the reality is evident in terms of the regulator's actions.

We must do everything possible to prevent regulatory capture. Regulators are supposed to regulate, not be in hock to the banks. Regarding the making of telephone calls to banks, there should not be a channel between them and the Central Bank unless it has to do with an emergency or part of the Central Bank's normal functions. That the Central Bank should be independent is important, but it will depend on individuals. While the current individuals are good, we must keep them in place for a reasonable period. A time will come for change in those positions.

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