Oireachtas Joint and Select Committees

Thursday, 12 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Dr. Elaine Byrne:

When I worked in the United Nations, my boss used to say that the worst thing that could happen to a country is the "three Ps principle" when it comes to ethical legislation, whereby one prints it, one posts it up for everyone to see and one prays to God that it works. In Ireland, we have an implementation deficit, so in terms of principles, it is that we would follow through on the legislation and the eight different recommendations I made. The eighth one is about blaming a small country. In other words, it pertains to the culture we have about blaming things that are outside of our control, rather than focusing on the things that are within our control. One such would be to do an audit of the agencies in this State tasked with oversight, which do great work, and to consider the resources they need as well as to look at the information overlaps. In addition, we perhaps could now, since the collapse of the economy, take the same approach to economic crime that we took to drugs in the mid 1990s.

Comments

No comments

Log in or join to post a public comment.