A chara, – The hand-wringing among company directors over the Central Bank’s powers to sanction them for financial misconduct emphasises how necessary such powers are (News, September 11th).
The myth of the self-regulating financial sector is repeated throughout the boom-bust economic cycles of the previous decades. A common thread throughout is the lack of individual accountability for those responsible. Some executives and lawyers would prefer if the rules stopped applying to them. As such, the Central Bank should be supported to ensure they are empowered to hold powerful figures to the standard we expect all law-abiding citizens to follow. – Yours, etc,
CONOR MacNAMARA,
Malahide,
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Co Dublin.
