Oireachtas Joint and Select Committees

Tuesday, 26 February 2019

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

Law Reform Commission Report on Regulatory Powers and Corporate Offences: Engagement

Photo of Rose Conway WalshRose Conway Walsh (Sinn Fein) | Oireachtas source

I know what Mr. Byrne is saying. We need to look to the future, to the present and to our attitude to white collar crime. I know where Mr. Byrne is going with this point but I do not share his confidence that we are where we need to be at this time.

I have further questions around the multi-party actions. In the report I do not see any proposals around class actions or multi-party actions such as those taken in the United States of America. Reference was made to the tracker mortgage and overcharging scandals. There would seem to be an overwhelming logic to put in place a facility for class actions where ordinary victims can work together to have the strength in numbers that is necessary to face an institution. Why is this? Did the commission look at this aspect and why is it not in the report?

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