Brian Lenihan Jnr (Dublin West, Fianna Fail)

The purpose of this amendment is to substitute a positive resolution process in respect of the scheme for financial support to guarantee credit institutions. This amendment, signalled in the Dáil earlier this evening, reflects the importance of ensuring that both Houses of the Oireachtas have an opportunity to consider and endorse the scheme dealing with key requirements for financial institutions. The mechanism for pricing the value of the guarantee for these institutions was the terms and conditions for strengthening corporate governance, transparency and risk management. All arise in the scheme and the scheme should be approved by each House.