On 23 October 2018, the Law Reform Commission (the
"Commission") published its Report on
Regulatory Powers and Corporate Offences (the
"Report"). The Report, which runs to
some 800 pages and contains over 200 recommendations, follows on
from the Commission's Issues Paper on the matter, published in
January 2016. The Issues Paper prompted significant engagement by
stakeholders and experts on financial and economic regulation and
corporate offences, including submissions from the Central Bank
(see our previous article here), and more recently an Garda
Síochána.
The current political focus on combatting white collar crime,
and enhancing Ireland's reputation for effective enforcement on
a European and international level, is apparent from the key
recommendations set out in the Report. These recommendations
include that a properly resourced statutory Corporate Crime Agency
be established; that that economic regulators should have the power
to impose significant financial
