I welcome the further much-needed step forward towards a new system of charity regulation that has been put in place by the Minister for Justice and Equality and his Department. The development is essential for the restoration and maintenance of public trust and confidence in our charities whose work now, more than ever and across many sectors, makes such a crucial and highly valued contribution to society, the economy and the less well-off.

Following the putting in place of a CEO last March, the Minister for Justice and Equality has announced a new board for the charity commission whose chairman will be Conor Woods, a young man who helped me put a report together in 2012. He is an accountant, chairperson of the Chartered Accountants Ireland's charity committee and a senior statutory auditor. Also, he is a dynamic, dedicated and driven individual who is passionate about the charity sector and wants to get things done. He will lead a magnificent board whose first board meeting will be in two weeks' time. He wants to get things up and running in a timely manner.

Speaking of welcoming appointments, while we were on our break the banking inquiry committee began to come together. I wonder which Senator will represent us on the banking inquiry. As we all know, one of our Independent Senators happens to be one of the most expert economists in Ireland and sits on the other side of the Chamber. I refer to Senator Barrett. I am not on the Committee on Procedure and Privileges and hope it is not too late to ask that Senator Sean D. Barrett represent Seanad Éireann on the committee as he is an independent expert. God knows, we need experts on the committee.