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Ignorance used as an accountability firewall
Updated / Wednesday, 10 Mar 2021
10:25
The proposed Senior Executive Accountability Regime would remove ignorance as an excuse, and hold individuals accountable for their actions
The Central Bank of Ireland has said it needs more extensive powers to pursue individual accountability as the fallout over a 2014 bond transaction by Davy continues.
Derville Rowland, the Director General of Financial Conduct at the Central Bank, told the Oireachtas Finance Committee yesterday that Ireland s regulatory framework requires further strengthening with regard to individual accountability .
The regulator has powers under the Administrative Sanctions Procedure to sanction individuals but it can only do that if the individuals actually participated in a breach by the firm. ....

Derville Rowland , Mccann Fitzgerald , Blanaid Clarke , Corporate Law At Trinity College Dublin , Central Bank , Oireachtas Finance Committee , Director General , Financial Conduct , Administrative Sanctions Procedure , Mccann Fitzgerald Chair , Corporate Law , Trinity College Dublin , Senior Executive Accountability Regime , ம்க்க்யாந் ஃபிட்ஸ்‌ஜெரல்ட் , பெருநிறுவன சட்டம் இல் திரித்துவம் கல்லூரி டப்ளின் , மைய வங்கி , இயக்குனர் ஜநரல் , நிதி நடத்தை , ம்க்க்யாந் ஃபிட்ஸ்‌ஜெரல்ட் நாற்காலி , பெருநிறுவன சட்டம் , திரித்துவம் கல்லூரி டப்ளின் , மூத்தவர் நிர்வாகி பொறுப்பு ஆட்சி ,