Each member has 6 to 8 minutes
Jim O'Callaghan FF
(Not sure who else is here - Pearse Doherty , Alice ? )
What will be the impact of the pandemic
What measures do you think would be available to the Irish government to tackle youth unemployment
Trackers...
Fines imposed on KBC for the codes
Did you seek any legal advice as to whether KBC and the other banks were involved in criminal activity?
Derville: The Central Bank has very good legal staff. We are obliged to report suspicious to Gardai. We have liaised extensively and closely with the Garda
O'Callaghan: So can I tke it that there might be criminal prosecutions?
Are you able to impose sanctions on individuals?
Derville: We have a number of powers including the Administrative Sanctions Procedure
First we must show that the bank has broken the Codes
Then, but only then, can we go against the individuals.
Secondly - we have f itness and probity powers - We have used them to challenge individuals. Some people in senior roles have been prohibited from acting in those roles.
Thirdly - we have to report suspicious act to the Gardai.