In regard to the current emergency, the Minister for Finance, whoever it may be, must take responsibility and be accountable to Dáil Éireann for the substantial sums of money entailed by our commitment to this programme. For that reason, the powers are conferred on the Minister for Finance in this legislation rather than on the Central Bank. Those powers will lapse at the end of 2012 and much of this legislation is, in substance, resolution legislation. Specifically the provision dealing with the assets and liabilities of banks and the power of the Minister to direct a bank to sell or dispose of assets or liabilities can facilitate very wide-ranging restructuring of the banking sector. I am sure Senators will agree it is of fundamental importance that the Minister for Finance should be equipped with the range of legal powers necessary to continue to maintain financial stability in this State. That is the aim of the legislation before the Seanad.