Oireachtas Joint and Select Committees
Thursday, 18 July 2013
Public Accounts Committee
Business of Committee
10:10 am
John McGuinness (Carlow-Kilkenny, Fianna Fail)
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We sent a covering letter with the transcript to the Taoiseach and to the Ministers for Finance, Jobs, Enterprise and Innovation, and Justice and Equality. The covering letter reflected the views of the committee on the matter. We included the transcript with the letter, as I have said. We asked the Taoiseach and the Ministers to undertake a root and branch review of legislation governing individual liability, for example by legislating for offences such as reckless trading in financial services and the concept of presumptive liability for directors. We also asked them to review the structures involved in investigating white collar crime, which are currently spread across three bodies - the Garda, the Central Bank and the Office of the Director of Corporate Enforcement. That is part of what we have said.