Central Bank governor: Anglo Irish Scandal 'a sorry story'

The governor of the Central Bank has said he agrees with a judge’s withering attack on the former financial regulator over a loans-for-shares scam at Anglo Irish Bank.

Patrick Honohan said the illegal July 2008 plot, which two of the watchdog’s top officials at the time – Patrick Neary and Con Horan – oversaw, was “a sorry story”.