Bankers could face €1m fines under new rules

Bankers who fail to cooperate fully with the Central Bank’s new ‘‘fitness and probity’’ review could face criminal prosecution and fines of up to €1 million, according to a regulatory consultation paper published last week.

26th March, 2011
Bankers could face €1m fines under new rules
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Bankers who fail to cooperate fully with the Central Bank’s new ‘‘fitness and probity’’ review could face criminal prosecution and fines of up to €1 million, according to a regulatory consultation paper published last week.

The document, which sets out tough new standards bankers must meet to hold senior positions in financial institutions under the government guarantee, warns that bank executives and directors will be committing criminal offences if...

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