Financial services sector needs to be reined in

The financial services sector is like a runaway train and must be sidetracked.

Government determined that there would be a maximum salary of €500,000 per annum salaries available to senior banking executives in the bailed out banks in Ireland. Government also decreed that bank CEOs should not be filled by an internal candidate.

When the latter was ignored by the bank, Government did absolutely nothing about it. When the former was ignored by the banks the Government did not even put in a token opposition at the bank AGM.