Oireachtas Joint and Select Committees

Wednesday, 25 February 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Susan O'KeeffeSusan O'Keeffe (Labour) | Oireachtas source

In 2008 in a letter Professor Connor co-wrote to The Irish Times, he spoke about bank management and shareholders failing in their duties with managers presiding over a loss of wealth unprecedented in the modern economy and shareholders failing in their duty to monitor and control management. He said, "Neither side should get away with this dereliction of duty". Does he believe there needs to be individual penalties for banking officials or fines levied against their institutions? Does he believe officials in the Central Bank or in the Financial Regulator should resign?

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