Not Safe For Work

The Guardian reports that in Ireland they have their own approach to keeping financial markets clean—Irish bank boss quits over adult sites:

The Irish banking sector was dealt another blow this weekend with the resignation of the chief executive of the Bank of Ireland, Michael Soden.

Mr Soden resigned on Saturday after he admitted breaking company guidelines by accessing internet sites containing adult content. He is also expected to step down from the board of the Post Office, a role he took up after the Bank of Ireland signed a deal with the Royal Mail's retail arm.

A spokesman for the bank said directors would meet this week to discuss Mr Soden's replacement and payoff.

The experienced banking executive said he deeply regretted the embarrassment he had caused the bank by breaching its policies on internet use.

“I have made it a central part of my tenure to set the highest standards of integrity and behaviour and to do so in an environment of accountability, transparency and openness,” he said. “I now accept that accessing this material was inappropriate and would cause embarrassment to Bank of Ireland and people who work there.”

Irish prime minister Bertie Ahern yesterday said Mr Soden's resignation and a growing scandal at Allied Irish Bank had jeopardised the credibility of the Irish financial industry. “It can't get much worse.”

Perhaps Mr. Soden should look for a job in Denmark?

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