Paschal Donohoe: Davy should make public statement on €4.1m fine

Fine is largest handed out to an Irish stockbroker but no personal sanctions imposed

Finance Minister Paschal Donohoe. Picture: Brian Lawless/PA Wire

Finance Minister Paschal Donohoe has said Davy Stockbrokers should make a public statement on the circumstances around the record-breaking fine it was hit with on Tuesday.

The Central Bank imposed a €4.1m fine — the largest ever handed out to an Irish stockbroker — after Davy failed to supervise a group of 16 of its own employees in their personal account dealings in the sale of Anglo Irish bonds for a client of the firm in late 2014.