Joan Burton (Dublin West, Labour) | Oireachtas source

That is the balance we have to achieve concerning this matter. In the context of where we have come from, it is absolutely a legacy issue. It is also a legacy issue for all of the European banking system where we have a properly independent regulatory structure.

If Deputy McGrath is suggesting that the Minister for Finance should personally regulate the Central Bank, I do not agree with him on that. That is what led us down the road of difficulty in the past. What I am saying to the Deputy is that the consumer side of the regulatory structure, in my view, certainly does need to be improved. As Deputy McGrath is aware, the Central Bank is undertaking an examination of this area. When we have the results of that examination-----

See this speech in context