Oireachtas Joint and Select Committees

Thursday, 13 June 2013

Public Accounts Committee

Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed)

3:10 pm

Photo of John DeasyJohn Deasy (Waterford, Fine Gael) | Oireachtas source

He stated there is still a way to go with regard to what we need to do when it comes to a legal framework and the capabilities we have to prosecute people who potentially broke the law in this area. I deal with many people who have lost everything, and five years on the Financial Regulator has made this statement. People would be surprised that these weaknesses are still inherent in the system.

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