Liam Twomey (Fine Gael)

I support the recommendation. The reason many of the banks and financial institutions are either owned or majority owned by the State is the reckless decisions made in a short period of time. Many of these decisions would have been based on the bonuses being achieved for the work being done by the individuals concerned. The fact that the Government moved very slowly on this issue when it first arose has led to a poor public relations outcome for it with regard to bonuses paid to bankers. I hope this recommendation will be passed and that the Minister will move quickly on the issue as it is an important one. He has acted on the taxation issue, but it is important, from the point of view of the accountability of institutions which we own, either partially or fully, that the Houses of the Oireachtas have an idea of what is happening in them.