IFSRA report on AIB is shocking

The final report by the Irish Financial Services Regulatory Authority (IFSRA) into two major matters at AIB Group leaves a number of important issues unresolved. A real sense of a lack of completion surrounds the report.

The report found that certain staff and management at AIB were aware that the bank was overcharging customers in relation to foreign exchange transactions. Between 1998 and 2004 there were no fewer than seven opportunities for individuals ...