Paul Murphy (Dublin South West, Socialist Party)
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Ulster Bank had a bad day yesterday with the maximum fine in this country, while in Britain and the United States its parent company, RBS, faces fines of hundreds of millions of pounds because of foreign exchange manipulation, coming on top of significant fines for rigging the London interbank offered rate, which I understand is still under investigation. I am not sure whether the witnesses have read the chat transcripts from the traders talking about making free money and keeping numpties out of the market, which illustrate the kind of animal instincts and language of traders that supposedly had gone after the banking crisis, when there was a cultural change and an end to that kind of ethics. Does what has come out in recent days, or years if we include LIBOR, not illustrate that there is no change of culture and that RBS represents some of the worst elements of banking culture that continue?