Jim Higgins (Fine Gael)

—a key component missing from that list is some kind of regulation of interest rates. One of my big regrets is that we did not insert a stipulation regarding controls on interest rates on Committee and Report Stages of the Financial Services Regulatory Authority Bill. Financial institutions have no obligations, moral or otherwise, other than to their directors and shareholders. It is profit at all costs and on this occasion their avarice has been manifestly exemplified.