Martin Mansergh (Tipperary South, Fianna Fail)

On the subject of light regulation which is portrayed as a Fianna Fáil-Fine Gael disposition, this approach was the conventional wisdom across much of the western world. It is interesting that in the general election campaign across the water the Prime Minister, Mr. Gordon Brown of the British Labour Party, has fully acknowledged that he was persuaded of the case for light regulation and accepted that he was wrong.

Senator Cummins asked about amending the legislation on the National Asset Management Agency. There are no plans to amend the legislation.