Wednesday August 5, 2020

Trust in our institutions won‘t return until individuals are held accountable

Heads don’t necessarily have to roll, but those involved in scandals should have to answer for their actions in public

Ian Guider

Markets Editor

8th December, 2019
Sean Fitzpatrick, chairman of Anglo Irish Bank, pictured in 2008. Picture: Tony O‘Shea

Ten days from now marks the 11th anniversary of Sean FitzPatrick’s resignation as chairman of Anglo Irish Bank. It brought an ignominious end to his career with the bank, which had lasted more than 30 years. Fitzpatrick resigned for not disclosing that prior to Anglo’s financial year-end he temporarily refinanced tens of millions of euros of loans from the bank with borrowings from Irish Nationwide, thereby ensuring that the scale of his borrowings would not...

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