Joe O'Toole (Independent)

On a point of order, I am not arguing with the Minister. On foot of its investigation in 2001, the Committee of Public Accounts reported that issues of which the Central Bank was aware could not be communicated to other authorities. That was after the passage of the Central Bank Act 1942, which the Minister quoted. It may be the Companies (Auditing and Accounting) Act 2003 that provided a further conduit to the banks for sharing information. I am not sure about that and should not be quoted on it. The point however, is that although legislation was in place, sharing was not possible, yet the Minister's quotation refers to the authority. That does not work.