Central Bank to vet brokers' customer care

The Central Bank will carry out an investigation into Irish investment firms' due diligence on prospective clients.

Barry J Whyte

Chief Feature Writer @whytebarry
13th April, 2014

After a judgment that saw the High Court force J&E Davy stockbrokers to pay out €2 million to a client over inadequate investment advice, the Central Bank will carry out an investigation into Irish investment firms' due diligence on prospective clients.

However, making sure that investment brokers give suitable advice to clients is not among the Central Bank's priorities for 2014, the regulator has said.

The Central Bank could not say when the inspection...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago