Oireachtas Joint and Select Committees

Tuesday, 12 March 2019

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

A Future Framework for Accountability in the Banking Sector: Discussion

Photo of Gerry HorkanGerry Horkan (Fianna Fail) | Oireachtas source

Obviously the term "senior executive" has to start somewhere. How do we define what or where in that respect? Approximately 23,000 people are working in the banking industry in Ireland. Many of them are doing fairly ordinary jobs where they would be very much exposed to the customers but they would not be necessarily making the types of decisions that caused some of the problems we had during the past ten years in terms risk taking and so on. An official who would process a cheque that I would hand in over the counter would not be a senior executive. What percentage of the overall workforce is likely to be in the senior executive category?

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