Oireachtas Joint and Select Committees

Wednesday, 28 January 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Professor Edward Kane:

No. The whole idea is to stop the behaviour, not to collect money. This is part of the incentive conflict. In the US, we collect a lot of money, especially from foreign banks. The US Government welcomes this. Also, it does not necessarily stay with the agencies so that they can get stronger and do a better job. The whole purpose of a disincentive is to stop the behaviour.

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