Cathy Bennett (Cavan-Monaghan, Sinn Fein)
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I thank everybody for coming in today. My first line of questioning will be in relation to fines and whenever IFI fines somebody. In his opening remarks today, Professor Collins stated that prosecutions can result in penalties of up to €5,000 to somebody in relation to an offence and that there is a recommendation to increase that to 3% of annual turnover. What mechanism would IFI use to do that? Is there IFI legislation already in place to do that or how would it do that?