Would the Minister not consider it advisable that all banks who have licences from the Central Bank should in the future be obliged to have some kind of fund available and that in the event of a bank getting into difficulty this fund would be there to meet losses incurred by people? I am sure the Minister is aware that a number of professional bodies, including insurance companies, have such an arrangement.

Part of the proposals we have in mind and which we will be bringing before the House in the form of legislation involve the provision of funds or the setting up of a fund to give at least partial recompense to people in such circumstances in the future.