Do our financial and economic regulators have adequate enforcement powers or do their powers need to be supplemented by civil financial sanctions? Does our criminal law deal sufficiently with serious wrongdoing by corporate bodies or are there gaps that should be addressed?
These are some of the questions asked in an Issues Paper recently published by the Law Reform Commission. The Commission reviewed a number of reports published in the wake of the 2008 financial crisis and used the key findings of these reports to pose a number of questions about the adequacy of our criminal and regulatory laws.
The paper covers 12 areas and calls for views on a number of questions arising in each area.