Michael McGrath (Cork South Central, Fianna Fail)
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63. To ask the Minister for Finance if there is presently any legislation on the Statute Book which provides for the offence of reckless management of a financial institution; and if he will make a statement on the matter. [54550/13]

Michael Noonan (Limerick City, Fine Gael)
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I wish to advise the Deputy that there is no specific 'offence of reckless management' on the statute books. However, the Deputy will be aware that An Garda Síochána, the Office of the Director of Corporate Enforcement and the Central Bank have carried out investigations into the actions of certain officials who were employed in the financial services industry. It would not be appropriate for me to comment further on any such investigations or the outcomes of same.