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12/02/2009
Failed Regulator Walks Away With €630,000 Handshake
As Ireland's financial crises continues to worsen, things are looking up for the failed financial regulator, who has been given a €630,000 golden handshake.
Pat Neary, the failed Financial Regulator who was forced to retire at the end of last month, has been given an astounding €630,000 for his trouble.
According to reports this morning, included with his leaving package, Neary will also receive a public service pension of almost €143,000 a year for the rest of his life.
Speaking on RTÉ Morning Ireland this morning, Minister for Finance Brian Lenihan admitted the financial regulatory system will need reformed if Ireland's international reputation is to be restored.
Mr Lenihan also said further information about Anglo Irish Bank would emerge in the coming weeks when a report into its dealings is published.
This week it was revealed the Financial regulator had known for 11 months that ex-Anglo Irish Bank Chief Executive, Sean Fitzpatrick, and members of his board had taken secret loans of up to €129m.
It also emerged that the bank had taken a ten day loan of €4 billion from Irish Life & Permanent in order to skew its dire year-end figures.
(DW/BMcC)
Pat Neary, the failed Financial Regulator who was forced to retire at the end of last month, has been given an astounding €630,000 for his trouble.
According to reports this morning, included with his leaving package, Neary will also receive a public service pension of almost €143,000 a year for the rest of his life.
Speaking on RTÉ Morning Ireland this morning, Minister for Finance Brian Lenihan admitted the financial regulatory system will need reformed if Ireland's international reputation is to be restored.
Mr Lenihan also said further information about Anglo Irish Bank would emerge in the coming weeks when a report into its dealings is published.
This week it was revealed the Financial regulator had known for 11 months that ex-Anglo Irish Bank Chief Executive, Sean Fitzpatrick, and members of his board had taken secret loans of up to €129m.
It also emerged that the bank had taken a ten day loan of €4 billion from Irish Life & Permanent in order to skew its dire year-end figures.
(DW/BMcC)
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Dáil's Anglo Bill 'At Least €29 Billion'
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11 September 2009
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18 February 2009
Regulator Issues Warning Over Phoney Investment Firms
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Regulator Issues Warning Over Phoney Investment Firms
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