Updated 13.00
The Central Bank Governor says there is nothing in comments made by Judge Martin Nolan yesterday that he’d disagree with.
The judge who was presiding over the sentencing hearings of two former Anglo directors was strongly critical of former Financial Regulator Patrick Neary for failing to give explicit warnings about the legality of the Maple Ten transaction.
Governor Patrick Honohan says he's sure such "regulatory conduct" would not happen today:
It comes amid the ongoing sentencing proceedings involving former directors at the bank Willie McAteer and Pat Whelan.
They learned yesterday that they're unlikely to face a jail term for issuing illegal loans to ten customers to buy shares in the bank.
Earlier, former Anglo Alan Dukes told Newstalk's Breakfast he believes there are grounds to prosecute the bank's former Chief Executive David Drumm:
Education Minister Ruairí Quinn echoed Dukes' comments on the difficulties of any US extradition proceedings:
Pat Whelan leaves court Tuesday, after sentencing hearing
Newstalk's Courts Correspondent Francesca Comyn gave Breakfast her analysis after the judge ruled out jail time for Mr McAteer and Mr Whelan yesterday:
Neither Mr McAteer, nor Mr Whelan made any comment as they left the court after their sentence hearing Tuesday.
