The Housing Crisis in Ireland has effected us all, including my family and myself. This was caused in large part by white collar crime, the lack of community in the banking system & Corruption in Ireland.

The Social Democrat policies on this and related issues have strong policies. Far from the Government meeting the needs of the population in relation to banking and crime prevention they have played to sectional interests and the financial lobby, allowing vulture funds to ravage already struggling families.

The Housing Crisis in Ireland has effected us all, including my family and myself. This was caused in large part by white collar crime, the lack of community in the banking system & Corruption in Ireland.

Why we need an Independent Anti-Corruption Agency

We do not have an effective means of preventing, detecting and prosecuting corruption in Ireland. Watch as Catherine Murphy TD sets out our plan for greater transparency and accountability in politics and public life...

Why we need an Independent Anti-Corruption Agency

We do not have an effective means of preventing, detecting, and prosecuting corruption in Ireland. Neither do we have effective measures or resources to fight white collar crime. Various Tribunals and Commissions of Inquiry have come and gone with few consequences for corrupt and reckless behaviour.

Anti-corruption law is spread across a multitude of legislation, and responsibility for preventing and prosecuting corruption is spread across a multitude of agencies.

The Social Democrats have a plan to tackle white collar crime and corruption and we believe this can improve accountability, end cronyism, and restore confidence in public life.

We are building a new social democratic force to reshape Ireland, for the people, by the people.

The Social Democrats’ proposals are:

  • Establish a new law enforcement body, an Independent Anti-Corruption Agency (IACA), to tackle white collar crime and corruption in the corporate world and political spheres.
  • The IACA would act as a standing Commission of Investigation and would end the need for expensive and ineffective Tribunals of Inquiry.
  • The IACA would initially assume some/all of the remit of a number of existing bodies including the Standards in Public Office Commission; the Office of the Director of Corporate Enforcement; the Registrar of Lobbyists and the Competition and Consumer Protection Commission. It would act as an advisory body to several other public bodies.
  • The IACA would have a monitoring and investigative role over public procurement activities, and would be able to conduct sectoral reviews and initiate investigations as it saw fit.
  • Establish a new Dáil oversight committee, called the Public Interest Committee, to oversee IACA and Ministerial resource allocation decisions.
  • Update anti-corruption legislation, to include, among other things, minimum standards for eligibility to hold public office.
Cllr. Carly Bailey, SDCC

I ran for Local Council and was so proud to be elected because I want to make sure my children and their friends will not be left behind and locked out like we have been. I believe that when people’s needs are met, communities are stronger, safer and more vibrant.”

Why we Need a Community Banking Sector

Corruption in Ireland - Why we need an Independent Anti-Corruption Agency.

Across the country, households and small businesses are finding it difficult to secure loans, including mortgages and business investment. A report outlining the opportunities for local banking, done in consultation with Irish Rural Link, points out that, “improved access to finance will be vital for a continuous economic recovery and development, especially for the SME sector and the local population across the country.”

The Social Democrats agree.

There has never been a greater need and demand for full-service community banking in Ireland. Post-recession, many people would rather bank with publicly-owned, or community owned, institutions.

Ireland has about 380 credit unions and over 1,100 post offices across the country, giving them a physical presence throughout towns and villages in every county.

We propose an ambitious project where the State and Central Bank of Ireland would work with both networks to build a strong community banking sector in Ireland. This would result in credit union and post office customers having full current account facilities, including debit cards and online banking.

Enhanced loan facilities would be provided by credit unions (on an opt-in basis by branch). In addition, we propose a feasibility study for post office branches to offer enhanced services, potentially via the broker model used by the Royal Mail in the UK.

Social Democrat proposals would have numerous benefits

  • Access to financial services in smaller towns and villages.
  • Increased access to credit for local businesses and the self-employed.
  • Local savings being available for local investment.
  • The choice to bank with publicly-owned institutions.
  • Profits reinvested locally and distributed to members.
  • Increased sustainability for credit unions, and in particular for post offices.

Carly Bailey

“I ran for South Dublin County Council because I want to make sure my children and their friends will not be left behind and locked out like we have. I believe that when people’s needs are met, communities are stronger, safer and more vibrant.”

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