Elderfield targets financial sector crime
Matthew Elderfield, the deputy governor of the Central Bank, called for a shake-up of the enforcement agencies and procedures, with more targeting of individual company directors.
“Just as the impetus for our internationally lauded Criminal Assets Bureau came from the tragic circumstances surrounding Dublin’s gangland problem in the 1990s, so too should the recent financial crisis provide a catalyst and opportunity for Ireland to create a truly effective system to assist in the fight against white collar crime, bringing with it individual responsibility for the actions of persons who hold senior positions in financial institutions,” Mr Elderfield said at a conference in Galway yesterday.
