Banks could face €50m fines for financial breaches

Banks should face fines of up to €50m for breaches of financial rules, an Oireachtas Committee revealed today.

Banks could face €50m fines for financial breaches
Thu, 09 Jun, 2005 - 20:23

Banks should face fines of up to €50m for breaches of financial rules, an Oireachtas Committee revealed today.

The Joint Oireachtas Committee on Finance and Public Services said realistic sanctions had to be imposed to deter offending by institutions earning millions in profits.

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