Paschal Donohoe (Fine Gael)

I understand this legislation to state that notwithstanding the rules of the stock exchange, the Government will be able to step in to make rules and decisions on the presence of a company on that stock exchange. I thought that kind of relationship was one that very much occurred only between the listing company and where it is listing, in this case the Stock Exchange. It merely indicates to me the real tension that is at play here. What we are trying to do is manage the impact that a systemic bank can have on the rest of the economy but there is a real tension between that and the rights of private property, and the rights of the same bank then to be present, for example, on the Stock Exchange.

To compound what Senator O'Malley stated, is the Minister stating that this legislation would be able to override the rules of, for example, the Irish Stock Exchange and override the nature of a relationship a bank might have with the agency on which it is listed?