Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

This question concerns the Central Bank's report on behaviour and culture within the main retail banks. One of the key recommendations in the report was that a senior individual accountability regime would be introduced in Ireland for senior executives within the banking system. There already is such a regime in the UK. This recommendation was contained in the report issued by the Central Bank in July of last year. It requires legislation, which I believe will be supported in this House. Can the Minister update the House on this issue? When does he expect to bring this legislation forward?

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