Joan Burton (Dublin West, Labour)
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Question 149: To ask the Tánaiste and Minister for Finance his views on the losses in value of Irish pension funds and similar investments in the context of falls in share values recently recorded; and if he will make a statement on the matter. [35950/07]

Brian Cowen (Laois-Offaly, Fianna Fail)
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In my role as the Minister for Finance I have responsibility for the development of the legal framework governing financial regulation. The day-to-day responsibility for the supervision of financial institutions is a matter for the Financial Regulator.

The Pensions Board is responsible for the regulation of occupational pension schemes and Personal Retirement Savings Accounts in Ireland as part of its statutory role to monitor and supervise the operation of the Pensions Act.