Alan Kelly (Tipperary North, Labour) | Oireachtas source

A number of Members expressed concern about the cost base and the market corporation test but this is a helpful component.

Another Member asked about PwC. I have to accept the assumptions the company used and the work that was done. There has been a great deal of commentary about the CER. It is not up to me or anyone else to second guess the regulator, which is an independent authority that does a good job. There have been various criticisms of costs and so on but the CER independently verified everything and, for example, verified 95% of the set up costs. This is the independent regulator, which was asked to do this job, not the Minister or anyone else, and that should be respected. Second guessing the CER is not appropriate.

See this speech in context