Pearse Doherty (Donegal South West, Sinn Fein)

There has been much talk about legislation to deal with the issues of fitness and probity in the banks. When will we see that legislation being brought forward? The Secretary General of the Department of Finance was CEO of Zurich Capital Markets which during 2007 was censured by the US Securities and Exchange Commission and fined €16.8 million for aiding and abetting four hedge funds in defrauding mutual funds. Will the legislation deal with such a situation?

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