Gerald Nash (Louth, Labour) | Oireachtas source

The KBC tracker mortgage scandal illustrates something problematic in this country. It is that we do not do accountability. The culture of banking needs to change in this country. While my party welcomes the €18.3 million fine issued by the Central Bank today, it does not change anything in terms of holding individual bankers to account for their actions. Corporations do not make decisions; individuals do. Two years ago, the Minister for Finance, Deputy Donohoe, promised to introduce a new senior executive accountability regime. The Minister has failed to do that. Can the Minister, Deputy Eamon Ryan, inform the House as to when that new regime will be in place?

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