Monday 20 February 2017

Neary left in the rough as another round of Banking Inquiry blame game tees off

Published 29/05/2015 | 02:30

Happily for Mr Neary, his departure in 2009 was eased by a €630,000 severance deal and a pension of €118,000
Happily for Mr Neary, his departure in 2009 was eased by a €630,000 severance deal and a pension of €118,000

Patrick Neary was eager to set the record straight. "I became aware of it, that's when they were discontinued."

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So what could the former head of bank regulation during the dreadful years of financial peril be talking about? Clamping down on the banks' hysterical throwing of bags of dosh at property developers, perhaps? Or discouraging banks from throwing around 100pc mortgages like snuff at a wake?

Nope. The chap who was in charge when the banks toppled drunkenly from their champagne-soaked bar stools had taken a brave stand on golf balls.

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