Eamon Gilmore (Dún Laoghaire, Labour)
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Question 45: To ask the Minister for Finance if has begun the search for an individual or group of individuals to head his proposed Irish banking commission; and if he will make a statement on the matter. [12308/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I am bringing proposals before the Government to implement major reform of the structure and organisation of financial regulation in Ireland. The changes will focus on restoring confidence in the Irish financial regulatory system and the strengthening of co-ordination of the central banking and financial regulation functions. It is a priority for the Government to ensure that the membership of the new structure will be highly authoritative, expert and experienced in the key areas required for it to effectively discharge its responsibilities.