Paschal Donohoe (Fine Gael)

I understand this section concerns an institution which has been nominated to receive a special manager because of the threat it poses to the rest of the system. It also concerns the ability of the institution to challenge that it needs such a special manager. In this regard, the section includes the words, "not later than five working days after the making of the special management order". The Minister made the point very well that in responding to preserve the stability of the banking system time is of the essence. Given this, should the period in question not be much shorter than a full working week? If an institution seeks to challenge the decision of the Government, it should be compelled to do so almost instantly to eliminate any uncertainty in the eyes of the market and of those looking at the country.