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Wed 01 Jan 2009Colleagues and politicians who appointed Neary should also go

OPINION:The financial regulator has paid a high price, but the structures and regulatory philosophy he inherited have also failed, writes MICHAEL CASEY.

THE RESIGNATION of outgoing financial regulator Patrick Neary could probably not have been avoided. Nevertheless, there are more general and more fundamental elements of corporate governance that need urgent reform. Before commenting on these, it is important to try to make sense of the partial information which has recently come to light.

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