Brian Hayes (Dublin South West, Fine Gael) | Oireachtas source

With respect, I am not sure I fully understand the Senator's question. If the Senator is concerned about a lack of oversight on the part of the Central Bank, whose task it is to manage this on behalf of everybody, all I can say is that the information given by the Governor of the Central Bank to the committee was given in the initial phase over the summer because he had not concluded an independent audit. That will be published by the end of the month and we will be in a greater position for verification. We can use terms until the cows come home but the net issue is whether the 100,000 people in this position will find a solution to their problem. I say to the Senator, on behalf of the Government, that we are more than confident that the approach being adopted by the Central Bank, which is putting out the information on a quarterly basis, along with the information put out by the Department of Finance on a monthly basis - a new initiative on our part - will give us the full view of the banks getting on with the task.