Paul Coghlan (Fine Gael)

I will be in line with other Senators' requests. While our debates on banking have been important, will the Leader assure the House that we will debate the draft terms of reference for the commission of investigation, not matters we have already discussed? I differ slightly from my good colleague, Senator Quinn. I have not read the report of the Governor of the Central Bank, Professor Honohan, fully and will take his advice and that of Dr. Michael Somers on board, but we must examine the fundamentals in what happened in the recent past and what went wrong if we are to be guided in the future. This would be the job of the commission of investigation if we get the draft terms of reference right. Will the Leader assure the House that we will be able to debate the terms fully, not the reports we have already discussed? I hope that, unlike what has sometimes happened in this land, the commission of investigation will be able to achieve the target of reporting after six months and no longer. Doing so would be important. I do not disagree with the other requests made. The Anglo Irish Bank issue is important and I do not doubt that the advice given by its new board which has nothing to do with the people who steered the ship onto the rocks, has weighed the five options correctly, as Senator Quinn indicated. I do not doubt that it has been rational in reaching its decision, but I would not object to a debate on the matter, if one was required.