Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

I want to clarify the bottom line before I bring in Deputy Higgins. In the next session we will discuss Basel III and the credit directives. The latter talk about increasing and enhancing sanctions but we do not know what the sanctions are. Do we need to re-examine the basis of the fines approach? Do we need to move, as in the Sarbanes-Oxley Act, to more identifiable, individualised sanctions that increase tariffs such as jail terms and other matters, rather than just fines?