Mr. Shane Kavanagh:

The reality is that the senior executive accountability regime needs to be introduced. I have no difficulty with it. It is correct and right but I cannot understand what the delay is in introducing it. How many standards do we need to get this over the line?

The anti-corruption agency needs to be separate and absolutely independent of everything. Ireland is a small nation. Everybody seems to know everybody. It goes around in a circle, being passed from pillar to post. The terms of reference of that agency need to be clear and there needs to be absolute accountability. We sent correspondence to the gardaí, they said that company law matters are not for them and sent it to the Office of the Director of Corporate Enforcement, which then sent the correspondence back to the gardaí. It is a merry-go-round. The banks say that it is a matter for the Central Bank which then says that it does not see any evidence of criminality, that it is a matter for the gardaí and that it does not have anything to add. If there is evidence and possible criminality, why does the Central Bank not simply do its job and pass it on to the Director of Public Prosecutions to let it make the decision? The Central Bank is essentially saying that it is deciding that there is no criminality. Let the Director of Public Prosecutions do its job, independent of the Central Bank. There seems to be significant reluctance to do that. I cannot understand or get my head around that. Mr. Butler may have points to make on that too. We have spoken about this before.