And so it came to pass, 3,281 days after Michael Walsh resigned as non-executive chairman of Irish Nationwide, a building society whose collapse cost the state €5.4 billion, he was fined €20,000. The 66-year-old multimillionaire has also agreed to a three-year period of disqualification from being concerned with the management of a regulated financial service provider.
“The sanctions imposed on Mr Walsh as part of this settlement reflect the seriousness with which the Central Bank regards...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team