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Neary was John Cleese to Fawlty Towers of Irish regulation

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.

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