Catherine Murphy (Kildare North, Social Democrats) | Oireachtas source

The European Union's competence is not to determine who the regulator should be in this country. In fact, the concept of subsidiarity determines that we have a right to make these decisions for ourselves. That is just a statement of fact. It is not going to tell us that we have to select Fingal County Council to be the regulator. We have entire autonomy in doing so. That is the nonsensical stuff that was fed, for example, to people in the United Kingdom for decades and part of the reason we are in a situation where there is such misinformation on Brexit. We have the entire responsibility and autonomy in selecting who the regulator will be. Let us be clear about that.

See this speech in context