Batt O'Keeffe (Cork North West, Fianna Fail)

I appreciate from where the Deputy is coming. The Government has been very supportive of the Quinn Group. I met representatives of the group a number of times as did the Minister for Finance and the Taoiseach. There is a limit to what we can do. The regulator is absolutely independent and must be satisfied with regard to the corporate governance relating to all of the participants. I am not aware of the exact proposals lying with the joint administrators and the Macquarie bank group. All I know is that they will have to take into account the protection of the maximum number of jobs, along with the interest of the policy holders. They must ensure it is a viable business with a future.

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