Caoimhghín Ó Caoláin (Cavan-Monaghan, Sinn Fein)

We cannot divorce ourselves from the lead-in situation to the announcement of 900 redundancies in Quinn Insurance Limited last Friday week. Real and substantial questions must be put in respect of the decisions taken by the Financial Regulator. While I acknowledge the independence of his office, the Financial Regulator must be accountable in some way and there must be some basis by which his decisions should be justified either to the Department of Finance or some other agency of the State.

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