Feargal Quinn (Independent)

I must express my deep concern at only being granted seven minutes in which to contribute. I will try and say what I have to say in that time.

I welcome the establishment of the Irish Auditing and Accounting Supervisory Authority on a statutory footing. I also welcome the sentiments the Leader expressed in regard to Senator O'Toole. However, I am horrified and concerned about the implications of the Bill. It has not been thought through and has not been understood. The implications in respect of some of its stipulations will make us uncompetitive in an area of major importance.