Martin Conway (Fine Gael)

The Minister committed to publishing a second explanatory memorandum, which would be helpful. I encourage him to ensure it will contain as much detail as possible and cover the important changes made. I also suggest the Irish version be published simultaneously.

The Department of Finance was not fit for purpose. Light regulation and supervision led us down this path. That the entire banking section of the Department has been replaced by one that will drive change and reform, coupled with the Bill's proposals, is welcome. Public sector reform is essential. We need to be able to see government through a clear pane of glass and total accountability. For this reason, I suggest to the Minister of State that the proposals regarding the website and the further explanatory memorandum are essential if we are to ensure the Bill's provisions will be understood by everyone.