Oireachtas Joint and Select Committees
Thursday, 4 October 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Behaviour and Culture of the Irish Retail Banks Report: Central Bank of Ireland
9:30 am
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
There are a number of key recommendations in the report but the problem is that those recommendations were made before the report and we did not need the report. While we needed the investigation - and we have seen the methodology and the volume of work and hours that were put into it - the key recommendations were made before it, as Professor Lane mentioned in regard to LRC review. I was hoping there would be something more substantial. If any of the four key recommendations were implemented, what would that mean in terms of individual accountability for the fact in excess of €500 million was wrongly taken from 38,000 customers? If the Central Bank had those powers, would any individual within the banks be held accountable?
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