‘Very serious’ Davy breaches not criminal offences, says Central Bank
Regulator refuses to name the 16 people implicated in the scandal for which the stockbroker was fined €4 million
Market breaches by Davy, which resulted in a €4.13 million fine for the stockbroker, do not constitute criminal offences, the Central Bank has said.
The controversy, which prompted the resignation of top officials at the firm, involved “very serious regulatory breaches”, the bank said in a letter to Social Democrats co-leader Roisin Shortall.
The Business Post reported last month that the Central Bank had contacted the Gardaí in relation to its investigation...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
Vizor targets €18m in revenue this year after takeover by global firm
The Irish tech company provides software to financial regulators and has been acquired by German firm BearingPoint RegTech for an undisclosed sum
Problems at Dolphin Trust were revealed in 2019, recording shows
Recording of meeting shows difficulties were evident long before Irish investors realised the gravity of the situation
BNY Mellon takes bet on cryptocurrencies with new digital innovation hub
Banking giant’s Dubin-based hub will act as a custodian for digital assets
Prepaid Financial Services’ parent says Central Bank’s concerns may affect European business
Regulator outlined issues to EML Payments regarding PFS’ anti-money laundering and terrorism-financing rules