Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation
Dail Éireann — 2022-09-29
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Leo Varadkar (FG), Dublin West

I thank the Deputy. When I think about this issue, I do not just think about the financial scandal; I also think about the human impact of it, the 16,000 families affected and particularly the 25 families who have lost their homes. What we see today is a €100 million fine, the largest ever imposed on any bank, in addition to €180 million paid in compensation by the bank. To me, that sends a clear message: rip off your customers and you will pay. It is now very clear to the banks that they will pay big fines if this kind of thing happens again.
On the legislation, the Central Bank (Individual Accountability Framework) Bill has been published. We hope to get that through the Houses as soon as possible.
The rules on bonuses and salary caps apply to the banks that were bailed out, not to the other banks. The position on that has not changed.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2022-09-29/debate/main
Retrieved: 2026-08-14T04:51:06+00:00
Sitting date: 2022-09-29