Peadar Tóibín (Meath West, Sinn Fein) | Oireachtas source

Human nature and business being what they are, people in business often have an incentive to use the system to their own benefit and to ensure gaps that arise can be used to reduce costs or improve profit. It is human nature and how business works. This is why it is important the Government ensure such gaps do not exist. Decent, fair regulation is a good thing. The absence of decent regulation has been the cause of many of the woes we have experienced in this generation during the lost decade that has just passed. What is the difficulty with ensuring all players are properly regulated? What would the exact cost be? On the other side of the fence, business people often say over-regulation is a cost to their businesses. Do we know what the cost would be if we included all players under this regulation umbrella?

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