DPC to penalise non-compliant institutions

THE Deposit Protection Corporation (DPC) says changes to its commission statute will introduce civil penalties for non-compliant institutions and their directors, strengthening en­forcement of the corporation’s laws and regula­tions. The Deposit Protection Corporation Amend­ment Bill establishes a dedicated insolvency and crisis management framework for banking institu­tions, addressing a legal gap left by the Insolvency Act.…