Cowen put competitiveness before compliance for banks
Honohan's report casts light on the reasons for our banking crisis. Seventy-five percent of these reasons are internal factors. By Vincent Browne.
Following the Dirt tax inquiry, which revealed criminal fraud in the banks in the 1990s - naturally, nobody was ever prosecuted or even interviewed by gardaí - there was a proposal that directors of financial institutions be required to sign an annual statement confirming their compliance with their duties as directors.