State-backed investor compensation body seeks faster redress

ICCL wants rules overhauled in wake of collapse of Custom House Capital

10th December, 2017

The state-backed body that repays investors in failed financial firms has called for an overhaul of rules to speed up compensation payments.

The Investor Compensation Company (ICCL) has written to the Department of Finance and the Central Bank seeking changes in the wake of the failure of Custom House Capital (CHC), the Dublin-based investment firm which went bust in late 2011.

The ICCL said it will now be the middle of 2019 before about 1,400 clients...

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