Eamon Gilmore (Dún Laoghaire, Labour)

We made it clear to the banks yesterday that the Government was contemplating introducing legislation in this regard. There is a period of time within which the banks can reflect on what we said to them yesterday and reconsider the position they have adopted. I hope they will take the opportunity to do this. If they do not, we will have the assessment of the Financial Regulator and will take action.

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