Saturday 21 October 2017

Neary was John Cleese to Fawlty Towers of Irish regulation

Shane Ross

There has always been a touch of Basil Fawlty about the hapless financial regulator, Paddy Neary. He resembles actor John Cleese. He is tall, sports a moustache, seems like a decent man, a bit baffled, but is out of his depth and accident prone.

And there is more than a touch of Fawlty Towers about the antics at the home of Irish financial regulation, as revealed in Friday's stunning report about the internal operation of Ireland's so called banking watchdog.

The place was a shambles.

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