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

Thank you. Thank you, Deputy Higgins. Just a ... on one matter from Deputy Higgins, and just returning to something earlier as well, Deputy Higgins raised the issue with regard to white collar crime. And even moving aside from white collar crime there's the issue ... the difference between bankers and banks. When your colleague was here recently, Mr. Roux, a question was put to him and you addressed that at the moment. I'm just looking online there, because I was actually looking for the exact page that I was speaking to him about the time, but I just noticed now that, seven years on from the crisis, €150 billion in bank fines and penalties, and ... that is dated 30 April 2015, that's a CNBC website, it wasn't The Wall Street Journalone that I was looking for. However, I see in The Wall Street Journal, on 18 June 2015, "Fines aren't for fair markets, for lasting change we need a system of accountability and standards." How do we address this, Professor Honohan? Years on from the crisis, the biggest financial meltdown this country has ever faced, a financial crisis at a global level, and we still see behaviour in financial markets that fines are running into billions ... multiples of the sum that this country actually required in funding.