Central Bank issued ten €1m-plus fines in six years

24th December, 2014

Ten fines of more than €1 million have been handed out by the Central Bank to financial institutions in the past six years, according to new data.

New figures from the Department of Finance show that the Central Bank has imposed 26 fines of €100,000 or more since 2008 for breaches of its rules.

The Minister for Finance, Michael Noonan, speaking in response to a parliamentary question from Fianna Fáil’s finance spokesman, Michael McGrath, said that the...

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