Regina Doherty (Meath East, Fine Gael) | Oireachtas source

To answer a number of the Deputy's questions directly, I am aware that the then Minister Séamus Brennan granted a derogation. I do not agree with the Deputy's description of what that derogation achieved. During the financial crisis many large and small investment pension schemes suffered significantly not only because of the years-long disaster but also because of the lack of regulation and governance.

We intend to ensure that the new governance measures will relate to everybody equally. With respect to Brian Hayes, MEP he is entitled to his opinion but as long as I am sitting at this desk I will make the decisions on the basis of the best evidence and advice that is given to me. That is what I have done in this case.

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