Aviva fined €2.4m for ‘stock lending’

The Central Bank has imposed a €2.45m fine on the insurance firm Aviva over regulatory breaches in relation to complex financial transactions known as stock lending.

Aviva fined €2.4m for ‘stock lending’
Thu, 20 Dec, 2012 - 00:00
John Walsh, Business Correspondent

Two fines of €1.225m each were applied to two separate Aviva subsidiaries — Aviva Insurance Europe and Aviva Life & Pensions Ireland.

The penalty is the fifth largest handed down by the Central Bank.

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CourtsPerson: Fiona MuldoonPerson: Peter OakesOrganisation: AvivaOrganisation: Central BankOrganisation: Aviva Insurance EuropeOrganisation: Aviva Life & Pensions IrelandOrganisation: Irish Central BankOrganisation: Aviva Investors Global Services LtdOrganisation: AIGSLOrganisation: Dame St
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