Séamus Boland: Banking review should embrace a third force
Finance Minister Paschal Donohoe formally launched the Government's wide-reaching review of the banking sector, which is likely to run for 12 months.
When the global financial crisis hit Ireland in 2008, culminating in a financial catastrophe in 2010, it was clear that the underlying cause was our dysfunctional banking system.
Somehow, we managed — through a combination of lax regulation and a complete failure to control the construction industry’s runaway development — to crash our economy and send thousands of people into economic disaster.
