Who’ll stay and who’ll go in the bank clearout?

Bank directors are in the spotlight as financial institutions are required to make sure that their boards and senior managers meet tough new ‘fitness and probity’ standards, writes Jon Ihle

26th March, 2011

The Central Bank has given Irish banks a nine-month period of grace to clear their boards and senior management of legacy directors and executives before regulatory officials use new powers to remove them for being involved in the collapse of their institutions.

Tough new ‘fitness and probity’ standards put forward in a consultation paper last week will allow regulators to decide not only which candidates are fit and proper to hold top posts in the...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago