Patrick Honohan

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Following the financial collapse and years of reckless risk-taking by senior banking executives, the public’s appetite for retribution remains. Photograph: Bryan O’Brien

Following decades of light-touch State regulation, the Law Reform Commission has adopted a degree of caution towards the prosecution of white-collar, (...)

“There will be another crisis, that’s for sure. And it may not be in banking,” says the former governor of the Central Bank Patrick Honohan

In the wake of the banking crisis the former governor of the Central Bank Patrick Honohan had the “common sense view” that some of the reckless behavi(...)

Patrick Honohan, former governor Central Bank, report echoes his saying: ‘There will be another crisis, that’s for sure, and it may not be in banking.’ Photograph: Dave Meehan

The famous phrase about generals making preparations for fighting the previous war comes to mind when you survey the weighty tome published on Tuesday(...)

Former Central Bank governor  Patrick Honohan: had “common sense view” some of the reckless behaviour of bankers had to be a criminal offence under the common law system. Photograph: Aidan Crawley

The criminal convictions that followed from the banking crisis were not directly related to the reckless behaviour that led to the banks needing State(...)

The Law Reform Commission report notes that cases connected with the activities of Anglo Irish Bank had led to “important convictions”. Photograph: Bryan O’Brien

A corporate crime agency, similar to the Criminal Assets Bureau (Cab), is one of the key recommendations of a major report on business and the law pub(...)

Protesters during a ‘Raise the Roof’ rally highlighting the housing crisis on Molesworth Street in Dublin on Wednesday. Photograph: Gareth Chaney/Collins

The Government is clearly rattled by the potential of the housing crisis to undermine its prospects of being elected for another term. Tense exchanges(...)

  ECB headquarters in Frankfurt, Germany. Looking back at the government’s decision to guarantee the Irish banks  10 years ago,  with no help forthcoming from the ECB, taoiseach Brian Cowen was left with no good options

One of the great failures exposed by the 2008 financial crisis was that the tools were not available at either a national or European level to the pol(...)

Former governor of the Central Bank Patrick Honohan: “Although there were better options than the blanket guarantee, none of them would have saved anything like all of the €35bn  or so that those banks cost us.” Photograph: Aidan Crawley

A month into the job as minister for finance, Brian Lenihan arranged in June 2008 to meet Trinity College Dublin economics professor Patrick Honohan. (...)

The then minister for finance, Brian Lenihan, during a  press conference at Government Buildings in September 2008 where he said the government had decided to guarantee all deposits in Irish banks. Photograph. Mark Stedman/Photocall Ireland.

Two hundred and eighty words. That is how long the government’s blanket guarantee for the State’s banks was when it was published at around 6.45am on (...)

 Former governor of the Central Bank Patrick Honohan: wants the State to set aside windfalls from stronger-than-expected corporate tax receipts. Photograph: Dara Mac Donaill

The State’s main 11 banks and building societies racked up a total of €140 billion in loan losses in the decade since western Europe’s worst property (...)

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