Donohoe on the back foot in the wake of Davy debacle
After promising two years ago that senior executives would be made accountable for failings on their watch, the Minister for Finance is feeling the heat from opposition parties and the public
Paschal Donohoe once defined culture as “what people do when they think no one is looking”.
The 16 senior executives at Davy Stockbrokers certainly assumed that nobody would be looking when, in 2014, they sought to make a profit by taking the other side of a bond deal involving a client – without telling him or the firm’s compliance team.
The Minister for Finance has been on the back foot throughout the Davy...
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