80. Deputy Willie Penrose asked the Minister for Finance if consideration is being given to the introduction of legislation similar to that which has been introduced by the Financial Conduct Authority in the United Kingdom whereby it is proposed to hold persons accountable for bank failure by means of a presumption of responsibility rule, which requires senior managers to demonstrate, where a firm is guilty of misconduct, that they took such steps as a person in their position could reasonably be expected to take to avoid it happening; and if he will make a statement on the matter. [15085/15]

Summary

80. Deputy Willie Penrose asked the Minister for Finance if consideration is being given to the introduction of legislation similar to that which has been introduced by the Financial Conduct Authority in the United Kingdom whereby it is proposed to hold persons accountable for bank failure by means of a presumption of responsibility rule, which requires senior managers to demonstrate, where a firm is guilty of misconduct, that they took such steps as a person in their position could reasonably be expected to take to avoid it happening; and if he will make a statement on the matter. [15085/15]

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• Financial Services Regulation

  xml · EN · 16 April 2015

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