Seanad debates
Tuesday, 3 February 2015
Irish Collective Asset-management Vehicles Bill 2014: Second Stage
7:55 pm
John Gilroy (Labour) | Oireachtas source
This legislation is the most complex legislation brought to the House since I became a Member. It is vitally important. It is also vital, as Senator Barrett said, that we get this right and that the safeguards put in place are sufficiently robust to withstand any type of abuse, scrutiny or rigour that might test them in the future.
Some time ago we used to say that with a billion euro here and a billion euro there we are soon talking about serious money. However, the €2.8 trillion in this case is a remarkable and astonishing figure. I am not even sure if I can write it down and I am not sure that any other Member could write it accurately at the first attempt.
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