Minister for Finance Pascal Donohoe’s officials are seeking the advice of the Attorney General’s office on the constitutionality of a planned laws aimed at making it easier to fine and disqualify senior bankers for failings under their watch.

“The department is currently engaging with the Attorney General’s office in advance of submitting draft heads of Bill to Government so as to ensure that the correct balance between additional powers for the [Irish] Central Bank and the protection of individuals’ constitutional rights is struck and that the provisions of the Bill are constitutionally sound in the event of legal challenge,” said a department spokesman.

Mr Donohoe said almost two years ago, following a request from the Central Bank, that he planned to introduce laws in early 2019 to give the Central Bank more powers to make top bankers accountable for failings under their watch in light of the State’s tracker-mortgage scandal.



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