Oireachtas Joint and Select Committees
Thursday, 20 December 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Scrutiny of EU Legislative Proposals
2:45 pm
Peter Mathews (Dublin South, Fine Gael) | Oireachtas source
Do we have the management power, the brain power and the character power to ensure this framework of prudential rules and regulations and road maps for banks within the Euro system? Do we have people who will be independent, and not going in and out of institutions, and who will have the character to be courageous if they see something going wrong, or if there is a weakness in the system, to investigate and prosecute? I do not mean prosecute in the legal sense but to say there is a weakness here and we must address it no matter how uncomfortable that is or how powerful the bank is. For instance, Mr. Carrigan is probably aware of the recent SEC revelations about Deutsche Bank's accounting fraud of possibly up to €12 billion.
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