Sir, – While the Central Bank is to be commended for imposing the maximum possible fine on Ulster Bank for its technology-related snafu, the paltry penalty shows that our politicians must now update the legislation to give it real teeth. A fine of €3.5 million per day would, I am sure, encourage a speedier resolution should this entirely avoidable problem recur. – Yours, etc,
PEADAR GRANT,
Dundalk,
Co Louth.