Seanad debates

Tuesday, 20 January 2009

Anglo Irish Bank Corporation Bill 2009: Second Stage

 

8:00 am

Photo of Shane RossShane Ross (Independent)

I am just finishing. The new appointee is a man who sat as part of the old guard of Irish banking for many years. It is an extraordinarily bad appointment because the message is coming through that a former chief executive of Bank of Ireland who also is a director of DCC and stood foursquare behind someone who was found to have engaged in insider dealing has been rewarded by being put in a key position in Anglo Irish Bank. This is not a good message to send to the world. We must make a difference in this regard and state this will never happen again. The signs I have seen in the House today, at the EGM and by this appointment indicate that no lessons have been learned and that it will be more of the same.

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