Davy breaches are not criminal offences, Oireachtas told

Davy stockbrokers sought to 'minimise and mischaracterise' Anglo Irish Bank bond deal but the regulatory breaches were not criminal offences, Oireachtas Finance Committee was told

Davy was fined €4.1m for its failure to supervise a group of 16 of its employees in their 2014 profiting from personal dealings in the sale of Anglo Irish Bank bonds. Picture: Niall Carson/PA Wire

Tue, 09 Mar, 2021 - 19:41

Paul Hosford, Political Correspondent

Davy stockbrokers sought to "minimise and mischaracterise" the deal which has rocked the financial sector, but the regulatory breaches were not criminal offences, an Oireachtas committee has been told.

However, the Central Bank has said it is satisfied to discuss the findings of its investigation with the gardaí and the Office of the Director of Corporate Enforcement.