James Bannon (Longford-Westmeath, Fine Gael)
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Question 80: To ask the Minister for Finance the action being taken by him to enact legislation that will make bankers accountable for their actions over the past number of years; and if he will make a statement on the matter. [18096/11]

Michael Noonan (Limerick City, Fine Gael)
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The day-to-day regulation of banks and other regulated financial service providers is primarily a matter for the Central Bank. The Central Bank has a range of enforcement tools available to it to ensure the regulation of the financial services industry up to and including the bringing of summary prosecutions. The Central Bank is also implementing a fitness and probity regime for all persons working in senior or sensitive positions in the regulated financial services sector. Other agencies such as An Garda Síochána, the Office of the Director of Corporate Enforcement and the Director of Public Prosecutions have their own role to play in enforcing financial services law.

I will be publishing the Central Bank (Supervision and Enforcement) Bill 2011 by the end of July, which will provide for the further enhancement of the supervisory and enforcement powers of the Central Bank.