Central Bank takes action over Exchequer Fund to prevent more unauthorised transactions 

The mistake by the banking regulator lead to an unauthorised transfer of €738m to the Department, which was under the control of Minister Paschal Donohoe (left) at the time. File photo: Gareth Chaney/ Collins Photos

The Central Bank is “satisfied” it has controls to prevent further releases of unauthorised money from a taxpayer fund.

Last October, shortly before the bank holiday Monday, the Central Bank granted the Department of Finance more funds than it had credit for.