The Central Bank first called for the move in 2018
New legislation has been drafted to hold senior finance figures, such as bank executives, more accountable.
The Senior Executive Accountability Regime will give the Central Bank greater enforcement powers.
The regulator first called for the move in 2018, after banks overcharged thousands of customers during the tracker scandal.
Finance minister Paschal Donohoe defended the delay, saying the new accountability rules are broader than first envisaged
The Central Bank (Individual Accountability Framework) Bill puts individual accountability at the centre of decision making w/ customers benefitting from providers that are fully accountable for the service they provide resulting in a more stable financial system for our economy https://t.co/cQUoTUgYir
— Paschal Donohoe (@Paschald) July 27, 2021
Russian President Vladimir Putin Announces Easter Truce In Ukraine Conflict
A Government Senator Is Calling For State Funding For Service Dog Organisations
Former Dancing With The Stars Judge Julian Benson Has Passed Away
A Priest In Derry Charged For Attempted Sexual Communication With A Child
RSA Urges Caution As Locals Face Flooded Area's Over The Bank Holiday Weekend
Irish Troops Prepare for Deployment to Lebanon
Teens In Mental Health Crisis Left Waiting Up To A Week For Care
Only 5 HAP Properties Available In Kildare Amid Deepening Rental Crisis
