Central Bank Seeks Further Powers Following Davy Controversy

Tuesday, 9 March 2021 06:16

By Gareth Farrell

The Central Bank will today call for more powers to make individuals accountable, after the Davy stockbrokers scandal.

It will tell the Oireachtas finance committee that its existing enforcement powers aren't strong enough.
Davy was fined a record 4.1 million euro last week for wrongful trading practices by 16 of its employees in 2014.
The company yesterday closed its bond desk, as the controversy continues.
Finance committee chair John McGuinness says the gardai should be involved in the investigation.

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