Billy Kelleher (Cork North Central, Fianna Fail)

I wish the Leas-Chathaoirleach a happy Christmas. I thank the Senators for their co-operation on the passage of this Bill. This debate and the debate on earlier Stages here and in the Dáil were positive. I am delighted there is broad consensual support for the Bill. It sends out a message of Ireland's standing in this respect, namely, that there were no divisions in the House in the process of ensuring that we have good regulation and oversight in the context of the funds industry, US GAAP and allowing companies to use those accounting principles as opposed to the Irish GAAP in the short term. That was critically important.

I thank Senators and wish them all a happy Christmas. I also extend those wishes to the staff and my officials, who have been working on the text of this Bill day and night during the past few weeks.