Oireachtas Joint and Select Committees

Thursday, 13 April 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Banking and Financial Regulation: Discussion with Mr. Jonathan Sugarman

10:00 am

Mr. Jonathan Sugarman:

We just burst out laughing, I suppose, in that this basically meant that we were now in 2009 and had a pile up on the M1 but that it did not matter because nowhere did it say that this was actually binding two years ago. This basically implied one should carry on doing whatever one was doing because the law meant nothing and that we issued the law in 2006 and said in 2007 one will go to prison for five years if one breaks the limit but yet-----

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