I will convey the Deputy's remarks to the Attorney General who has been looking at what has been happening in other countries and has indicated how he sees the role of regulators being developed here. He strongly believes that a new way of dealing with these issues should be found, given that difficulties have been encountered in other countries. He cited various examples and case histories.
His principal point is to recognise the valuable role of independent regulators in a modern, developing society and to highlight the need to ensure that we, as elected representatives, uphold the basic principles of democracy and political accountability. Since he made that speech we have discussed matters with the Ministers involved to build on what he used in the strategy statement of the Department of Public Enterprise. We have no definite plans yet, but in terms of what he identified as a democratic deficit there is an issue to be addressed.