Oireachtas Joint and Select Committees

Thursday, 21 June 2018

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

Matters Relating to the Banking Sector: Allied Irish Banks

9:30 am

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

The Central Bank is arguing that reckless trading should be a crime. It is not a crime here but it is a crime across the water. The Central Bank has been arguing for this for a number of years but the Government has refused to make it a crime. In a submission to the Law Reform Commission, the Central Bank argues that senior bankers should be held accountable for actions under their remit, rather than just where their fingerprints are found on an action. The Bank proposes that each senior banker would have to provide a map of his or her areas of responsibility so that they could be held accountable for any wrongdoing that happened within their area. Does Mr. Byrne agree with those proposals?

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