Anglo staff to be subject to ethics law

TOP-LEVEL staff at Anglo Irish Bank will have to let the state’s standards watchdog scrutinise their investments and business interests, under expanded ethics regulations.

For the first time its directors will have to file annual reports with the Standards in Public Office Commission (SIPO) informing it of any sideline jobs, land holdings, gifts received and investments worth more than €12,700 if they overlap with the bank.

The same will apply if family members or children have similar interests.