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
In the case of the death penalty, if somebody, rather than the four walls of the bank, committed a crime, I would have problems with penalties for the corporate entity. One wonders how a bank or institution could commit a crime. It is obvious that someone who works within the institution is the one who commits the crime, which leads me to the point that procedures should be put in place. If the body corporate had structures in place, it would help to alleviate the problems where crimes are committed or where reckless trading or lending takes place.
If these structures are in place and somebody breaches them, is there a crime against the individual or the corporate entity?