Ex-manager at Irish Nationwide Building Society disqualified for breaching financial services law

A former senior manager at Irish Nationwide Building Society (INBS) has been fined €23,000 and disqualified for 18 years by the Central Bank after his involvement in breaching financial services law.

However, when asked if any other members of credit committees across other financial institutions had been sanctioned for lending activities during the boom years, the Central Bank would only say it "does not comment on ongoing or potential enforcement cases" but that it was committed to holding individuals to account where their actions warrant it.