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Transparency International's 2023 Corruption Perceptions Index scored Ireland at 77 on a scale from 0 ("highly corrupt") to 100 ("very clean"). When ranked by score, Ireland ranked 11th among the 180 countries in the Index, where the country ranked first is perceived to have the most honest public sector. [1]
Since at least the 1970s, many Irish political scandals relating to miscarriage of justice, dereliction of duty and corruption by public officials have resulted in the establishment of extra-judicial Tribunals of Enquiry, which are typically chaired by retired High-Court judges and cannot make judgements against any of the parties.
Protestors outside Anglo Irish Bank during protests against the bank bailout in April 2010. The Anglo Irish Bank hidden loans controversy (also known as the circular transactions controversy) began in Dublin in December 2008 when Seán FitzPatrick, the chairman of Anglo Irish Bank (the state's third-largest bank), admitted he had hidden a total of €87 million in loans from the bank ...
The economy of the Republic of Ireland expanded rapidly during the Celtic Tiger years (1995–2007) due to a low corporate tax rate, low ECB interest rates, and other systemic factors (such as soft surveillance of banking supervision including against observance of Basel Core Principles, underdeveloped public financial management and anti-corruption systems and adoption of poor policies ...
The post-2008 Irish banking crisis was when a number of Irish financial institutions faced almost imminent collapse due to insolvency during the Great Recession. In response, the Irish government instigated a €64 billion bank bailout. This then led to a number of unexpected revelations about the business affairs of some banks and business people.
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