Oireachtas scrutiny has laid out the clear moral imperative of the bill. But it has also brought an unwelcome truth - it needs work on a practical, legal and constitutional footing.
By withdrawing its support for Davy, the NTMA has precipitated the closure of the broker's bond desk. But it has also left Davy exposed to an exodus of clients.
Michael Somers was at the heart of the Irish establishment for more than 30 years. In this candid interview a decade after his departure from the NTMA, he talks about the personalities, the controversies and the issues that defined his career.
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