Davy to become primary dealer of Government bonds again after scandal 

Davy had been a Primary Dealer of Government bonds up until March 2021 when the NTMA struck it off its list

Davy was struck of the Primary Dealer list in 2021 following an investigation found it had failed to supervise a group of 16 of its own employees in their 2014 profiting from personal dealings in the sale of Anglo Irish bank bonds. Picture: Sasko Lazarov

Irish stockbroker Davy will once again be able to deal in Irish Government bonds following the National Treasury Management Agency’s (NTMA) decision to recognise it as a “Primary Dealer”.

The decision will come into effect on February 28 and brings the total number of primary dealers in Irish Government bonds to 15 including Barclays Bank Ireland, Cantor Fitzgerald Ireland, Goldman Sachs Bank Europe, and Goodbody Stockbrokers among others.