The ability to remove persons occupying important functions within regulated firms where they fail to meet the required standards of fitness and probity, and indeed prevent those who do not meet such standards from entering the industry, will ensure greater confidence and trust in persons occupying important functions within regulated firms.
All that said, I think it would be useful to find an appropriate mechanism to provide a measured analysis of and reflection on our overall structures in Ireland for taking cases  2  BIS central bankers’ speeches  against individuals for breaches of financial regulation or indeed for cases of white collar financial crime.