Pat Breen (Clare, Fine Gael) | Oireachtas source

I know where the Senator is coming from and agree with him that there will be opportunities for Ireland post-Brexit. Obviously, the Department of Finance is monitoring the position very closely. We must, however, learn from what happened during the downturn in the economy and the lessons from having a light touch regulatory regime in the banking sector. The Minister for Finance is in constant touch with both the Central Bank and the ECB. We have regulations in place and must learn from what happened in the past. As the Senator outlined, I am sure the Minister is committed to making the most of the available opportunities for financial institutions and that Ireland is ready to avail of them with the proper scrutiny and regulation. The Senator has made a very good point, one that I will convey to the Minister. I again thank the Senator for raising the issue.