Oireachtas Joint and Select Committees
Thursday, 10 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Joe Higgins (Dublin West, Socialist Party) | Oireachtas source
Mr. Noonan, two questions on different subjects. The Fine Gael manifesto - it's in your evidence book - says in 2011: "[It would] ensure that rogue bankers are pursued for their crimes and that the full rigours of the law will apply to them, and the courts [would] have the powers necessary to impose appropriate fines and jail sentences". Could you please comment on why no legislation has been forthcoming on these measures, as promised in 2011? And, secondly, do you consider that the UK senior banks' regime, which will include the threat of criminal conviction for senior executives and directors, is an appropriate model?
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