Central Bank to tell committee stronger regulatory framework needed in wake of Davy controversy The scandal has led to fierce criticism of the firm, and its CEO resigned at the weekend. By Cónal Thomas Tuesday 9 Mar 2021, 9:54 AM Mar 9th 2021, 9:54 AM 8,696 Views 49 Comments Image: RollingNews.ie Image: RollingNews.ie A SENIOR CENTRAL Bank representative will tell an Oireachtas Committee today that Ireland needs a stronger regulatory framework to hold individuals accountable for breaches. Director General of Financial Conduct at the bank Derville Rowland will make her comments following a fine of €4.1 million against stockbrokers Davy after a probe found four breaches of market rules by the company between 2014 and 2016 in relation to a bond transaction.