Paul Coghlan (Fine Gael)

We need an approach of due diligence. No doubt the Minister will talk about that.

This is a very important point. Is the State guaranteeing the overseas operations of our banks? Do we have sufficient regulatory control in terms of guarding against any future rustling? I also mention the ring-fencing of foreign banks operating here. I understand the Minister is looking into banks, other than the six Irish banks, that are licensed and regulated within the State, such as Ulster Bank. These matters must be very tightly contained. We must ensure there is no jiggery-pokery with regard to inter-bank lending. I would very much like to hear the Minister's comments on this.