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

Ms Derville Rowland:

There is a range of options that could be taken into account. Where there is evidence that the rules have been broken one would have to consider all the relevant options. One of the main tools that the Central Bank has is the administrative sanctions procedure where a case would be referred to a panel to adjudicate upon the matter and see if the case was proved in the way of a court case. Then the options that would be available to them range from fine to disqualifications of individuals where the rules have been deemed to be broken that individuals participated in wrong conduct.

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