Arthur Spring (Kerry North-West Limerick, Labour) | Oireachtas source

Yes, but Professor Honohan is the Governor of the Central Bank and the banks operate under a licence provided by the Government. It is the most important licence this country has the capacity to provide. If those who have licences are acting in such a way as to mislead or mismanage, the effects are enormous beyond all proportion, as we are finding out now. I want to know why there has not been an internal investigation. I also want to know whether those involved in mismanagement are in receipt of pensions. Is the money we put into banks being used for the purpose of shoring up a €1 billion pension pot shortfall in the banks? Why are people not being held accountable? There are specific guidelines in the Office of the Director of Corporate Enforcement on the role of a banking director. We need to consider potential negligence, corruption and downright inability to direct and govern banks. I cannot understand why that has not been done.