Tuesday 6 December 2016

It's time for Governor Honohan to start kicking ass as banks play him for a fool

Shane Ross

Published 29/09/2013 | 05:00

Patrick Honohan
Patrick Honohan

HAS Central Banker Patrick Honohan finally lost his halo?

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The amiable Governor of the Central Bank has been a consistently popular figure at Oireachtas committees since his appointment in 2009. TDs liked him. He was one of the new brigade, appointed to clean up the mess left by his predecessors. Patrick was a break with the past.

Breaks with the past have turned out to be chillingly familiar faces in the banking world. In 2009, Bank of Ireland recalled its former boss, Pat Molloy, as its "new broom" governor to succeed the unlamented Richard Burrows. In its haste, the board somehow overlooked the reality that Patrick had worked in the same bank for 50 years.

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