Paul Coghlan (Fine Gael)

As Senator Donohoe noted, the climate has changed, but the culture has not. Although the Government exercises control of financial institutions and its moral authority on behalf of the taxpayer extends beyond its shareholdings, it has not yet managed to replace all of the legacy directors and, more importantly, senior management. Many of these senior figures are now managing impaired portfolios on an agency basis for NAMA. I seek a debate on this specific issue in order that we can learn more about the Government's strategy.