Thursday 17 August 2017

Another Bank Inquiry 'sorry', but is regulation better now?

'Patrick Neary was a disastrous bank regulator'
'Patrick Neary was a disastrous bank regulator'
Donal O'Donovan

Donal O'Donovan

The pattern down at the Banking Inquiry is well established at this stage; ex-bankers, ex-executives and ex-regulators have been coming in with their hands held out in contrition.

"Sorry" seems to be the easiest word.

Yesterday it was the turn of former Financial Regulator Patrick Neary. He is "deeply sorry" his former agency failed to prevent the banking crisis, he told the Inquiry.

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