SBP editorial: ODCE annual report an exercise in obfuscation

Ian Drennan, is the director of the Office of Corporate Enforcement (ODCE)

The annual report of the Office of the Director of Corporate Enforcement (ODCE), released last week, was a lesson in justification, obfuscation and self-preservation.

The report was for the 2016 calendar year, but the real interest lay in its comments in relation to the organisation’s role in the collapse of the criminal case against Sean FitzPatrick over the former Anglo Irish Bank chairman’s dealings with the bank’s auditors over his personal loans. The ...