Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

Subsection 3(a) states:

the relevant credit institution is subject, in the state or territory where its head office is located, to regulatory or administrative provisions relating to authorisation to carry on banking business in that state or territory and supervision corresponding to those in the State,

It is caught in the phrase "supervision corresponding to those in the State".

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