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Legislation Drafted To Hold Senior Finance Figures More Accountable.

File image: Paschal Donohoe/RollingNews

The Central Bank first called for the move in 2018

New legislation has been drafted to hold senior finance figures, such as bank executives, more accountable.

The Senior Executive Accountability Regime will give the Central Bank greater enforcement powers.

The regulator first called for the move in 2018, after banks overcharged thousands of customers during the tracker scandal.

Finance minister Paschal Donohoe defended the delay, saying the new accountability rules are broader than first envisaged

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