Oireachtas Joint and Select Committees

Thursday, 20 December 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Role and Contribution of Public Interest Directors in Financial Institutions: Discussion

12:05 pm

Mr. Tom Considine:

Yes, we are aware of all aspects of Mr. Kane’s career. There is a rigorous fitness and probity system in place. For anyone to be appointed to a senior position in the bank requires clearance from the Central Bank of Ireland and, in our case, the FSA because we have a lot of business in the United Kingdom. Mr. Kane has been cleared through that system and they are the structures that are in place.