Dáil debates

Wednesday, 10 March 2010

3:00 pm

Photo of Richard BrutonRichard Bruton (Dublin North Central, Fine Gael)

Does the Minister share the dismay of the public that, 18 months into the financial crisis, no one has been held to account? In the US there are 42 bankers in jail and the banks are paying money back to the state for the assistance they got. Are inquiries or sanctions being pursued against the financial institutions that are at the core of the failure? Does a vagueness in the definition of the offences prevent the criminal or civil arms of enforcement from taking action? It certainly appears to the public that serious misdemeanours took place.

Are changes being introduced in respect of boards of directors which failed their shareholders so that board members have suitable qualifications, know their business and act effectively?

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