Leo Varadkar (Dublin West, Fine Gael) | Oireachtas source

Obviously, this is a very serious matter, not only for the people who are directly affected. People will have questions and they will want answers. They should get those answers but, unfortunately, I am not the person who can offer those answers because this is not something that I have any detailed knowledge of but I will inform the Minister for Finance that it was raised here and ask him to answer any questions that he can.

I think the Deputy mentioned that these were unregulated products. If they were unregulated, that, in itself, creates a difficulty because the regulator is responsible for regulated products and services, not those that are unregulated. Perhaps the people who made these investments were not aware of that at the time or were misled in some way. Knowing so little about this, I am loath to give any answers.

I will inform the Minister for Finance that the Deputy has raised this. The Deputy would not raise it today in this forum if he did not think it was a serious matter. We will try and get him a more detailed response as soon as we can.

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