Brian Lenihan Jnr (Dublin West, Fianna Fail)

This is the last amendment to be tabled by the Opposition and I have one further amendment to go. In the amendment under discussion Members seek to impose a monthly reporting obligation. I am always accountable to Dáil Éireann. We are dealing with institutions which have shares quoted in the marketplace and which are subject to huge degrees of public scrutiny. Admittedly, two of them are building societies, which are not subject to the same degree of public accountability. In all the circumstances, however, a monthly reporting obligation would impose a burden that would not be consistent with the effective and efficient operation of the legislation.