Finance minister 'will strengthen' laws in wake of Davy scandal 

Paschal Donohoe, the finance minister, said the behaviour at Davy "fell so far yet again below the standards which we require of the financial sector". Picture: Moya Nolan

The finance minister has described the behaviour of 16 Davy's employees as "outrageous" and has committed to strengthening the laws around the accountability of senior individuals.

Paschal Donohoe has also moved to ease concerns by stating that the decision to cut Davy as dealer in selling Irish Government bonds will have no impact on the State's ability to borrow.