John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

My last comment on this, for today's meeting anyway, is that the one complaint that sticks in my mind that Jonathan Sugarman made at our meeting was that there were other breaches. He said he was told not to report those breaches. I am sure Mr. Lane can recall that part of the meeting, when I expressed my shock that this would be said. It goes to the heart of the issue, certainly in his case. I do not know whether there are any other cases with other banks. As a risk manager, he was told not to report the other breaches at that time. That is the reason he resigned. He had reported breaches properly in accordance with the law and what broke him, in terms of the decision he had to make to stay or not to stay in the bank, was the fact that he was being told not to report the breaches. That bank is still in business in this country, regardless of what type of banking it does. Regulation is regulation, regardless of the bank.