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 John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail)
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The matter of whistleblowers was mentioned. When Mr. Jonathan Sugarman appeared before us, he told a compelling story and outlined what he did. When we questioned the Central Bank, it told us that it could not tell us whether a sanction had been applied to the bank in question or whether there had been any fine. Under legislation it was not permitted to say. However, when credit unions have a problem and are fined, it is all over the newspapers. Where is the level playing field between the banks and credit unions?