Central Bank's €4.1m fine 'only a start' in Davy's accountability, says opposition

The Central Bank fined the stockbrokers earlier this week with a €4.1m fine-a record sanction for the regulator. 

Roisin Shortall, co-leader of the Social Democrats, said the Central Bank needs to explain why it took them so long to impose the €4.1m fine.  Picture: Gareth Chaney/Collins

There are calls for a wider inquiry into trading practices at Davy Stockbrokers and personal sanctions for those involved in a 2014 bond deal.

Four days of mounting pressure following a Central Bank inquiry led to the resignation of its chief executive and two senior figures in the firm yesterday.