We should have an American-style Bank Day

AS someone with little knowledge of financial matters, I would like to know if the the banks have some kind of leverage over the Government considering their arrogant attitude towards it? The Government gives that impression and appear nervous in its dealings with them.

Why can’t it introduce legislation similar to that in the US whereby all banks have to present annual audits on a particular day each year, usually after the Christmas holidays. They are also prevented from trading any of their stocks for something like 10 days prior to this date, which I believe is called Bank Day.

Surely this measure would prevent the irregularities currently being exposed by various financial institutions in Ireland.