Enda Kenny (Mayo, Fine Gael)

I answered the questions of Deputies Ó Ríordáin and Adams in response to Deputy Martin. The Financial Regulator is completely independent and his job is to regulate and oversee a level playing pitch in respect of the banks. It is unfair and just not right that banks that set their prices in respect of tracker mortgages should attempt to make up losses by increasing interest rates on variable mortgages. Irrespective of whether a bank is State owned, there should be a level playing pitch.

Deputy Adams should note I actually said I would not introduce legislation until the regulator states to the Government he has a problem-----

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