Wednesday May 27, 2020

Central Bank raps firms for pattern of obstructive behaviour

Financial companies must engage constructively with regulator

1st December, 2019
Derville Rowland. PICTURE: Rollingnews

A senior Central Bank official has launched a scathing attack on financial services companies over what she described as a “prevalent pattern” of seeking to obstruct or delay its investigations into potential wrongdoing across the industry.

Derville Rowland, the bank’s director general of financial conduct, took firms to task over their frequent efforts to “kick the can down the road” by delaying the production of documents or providing incomplete information to the regulator...

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