SINN Féin EU candidate
for the North West Cllr Pádraig MacLochlainn has
reacted angrily to the Government allowing Financial
Regulator Pat Neary to retire.
Cllr MacLochlainn said Mr Neary should have been
removed from the position and not be allowed to
"walk away under the guise of retirement".
“Pat Neary has presided over the blackest period in
Ireland’s banking history. He has failed in his role
as Financial Regulator. It is shocking that he has
been allowed to remain in his position until this
point," said Cllr. MacLochlainn. |
"That he can walk away
under the guise of retirement without having to take
responsibility for his failure to the people of this
State who are the ones ultimately who will pay a
heavy price, is outrageous."
The Buncrana-based councillor described the
Government's failure to sack Mr Neary as another
example of its "lame duck approach" to the banking
crisis.
He also called on other senior bank executives to
step down.
“It is time for senior people in the banking sector
to take the Financial |
 |
Regulator’s lead. In
the absence of a government with a backbone, we need
to see chief executives and board members of the
main banks and indeed the Central Bank...step down
from their positions." Cllr MacLochlainn claimed
there was a "lack of leadership" in the Government.
“With every bad news story for the economy that hits
the headlines, public anger is rightfully mounting.
It is time the Government stepped up to the plate
and resumed the Dáil so it and the Opposition can
get on with the business of the day.” |
