Central Bank raps firms for pattern of obstructive behaviour
Financial companies must engage constructively with regulator
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...
Subscribe from just €1 for the first month!
Exclusive offers:
All Digital Access + eReader
Trial
€1
Unlimited Access for 1 Month
*New subscribers only
Annual
€200
€149 For the 1st Year
Unlimited Access for 1 Year
Quarterly
€55
€42
90 Day Pass
2 Yearly
€315
€248
Unlimited Access for 2 Years
Team Pass
Get a Business Account for you and your team
Related Stories
Goodbody staff will still get bonuses as €135m takeover by AIB is approved
Stockbroker will not be subject to 89 per cent bonus tax but bankers’ pay cap will stay in place as part of deal, Minister for Finance says
Davy hit with record €4.1m fine for market breaches
The penalty over an Anglo Irish Bank bond trade is the largest ever issued to a stockbroker in Ireland
Bank of Ireland to shutter a third of its branch network across the island
Some 88 branches in the Republic and 15 in Northern Ireland will be closed this year
Changes to EIIS would benefit us all
Some may question seeking additional tax incentives or improving existing ones like the Employment Investment Incentive Scheme at a time like this, but that’s exactly when they’re most needed