Paschal Donohoe (Fine Gael)

I second the amendment. I support what Senator Twomey said in regard to the amendment. One of the points made in the discussion on Committee Stage was that while everybody here is emphasising that the NAMA institution must take all steps possible to ensure this does not happen again, this amendment proposes that it be put on a statutory footing as part of the purpose of the organisation.

The second point I would emphasise, which Senator Twomey has touched on, is that paragraph (viii) gets to the heart of our discussion in terms of needing to find a way of providing all the guidance we can to the institution and that the huge investment going in from the taxpayer leads directly to greater liquidity and lending to small and medium-sized businesses.