Dara Calleary (Mayo, Fianna Fail)
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Question 49: To ask the Minister for Finance if he plans to bring all regulatory bodies covering State agencies under the direction of one Department; and if he will make a statement on the matter. [9695/11]

Michael Noonan (Limerick City, Fine Gael)
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The Programme for Government gives a commitment to rationalise regulators to strengthen consumer regulation and protect the consumer interest. The recently published Report of the Review Group on State Assets makes a number of recommendations for reforming the economic regulators, including transferring responsibility for their supervision and performance measurement to the Department of Enterprise, Trade and Innovation on account of its responsibility for competition policy. The Government is considering these and other options for reform of the economic regulators in light of current circumstances.