Paddy Burke (Fine Gael)

Subsection (3) states: "Nothing in this Act prevents the performance by the Central Bank or the regulatory authority of its functions in relation to any credit institution." I understand it is within the authority of the Central Bank to provide liquidity to Irish banks. The Minister stated that the problem we have run into is one of liquidity. Where does the change occur whereby the Minister takes over from the Governor of the Central Bank? Where do his responsibilities cease and the Minister's begin? It may be argued there is no need for subsection (3) at all.