The governor of the Central Bank has called for tougher laws against reckless bankers.
Patrick Honohan says Ireland should follow the UK's lead by introducing tougher penalties for people who cause banks to fail.
The UK introduced new laws two years ago where bankers can face seven-year jail terms, and unlimited fines, for causing the failure of a bank.
Speaking at a conference in Paris this morning, Governor Honohan says it's a myth that no bankers have been convicted in Ireland - but says the new British law could be copied for Ireland.
"The Irish legislative framework deserves to be strengthened to take account of egregious recklessness in risk-taking by those who were in charge of failed financial firms," he told the INET conference in Paris.
"Recently the UK enacted legislation of this type which I believe could be usefully mirrored in Ireland."
