Davy group of 16 face possibility of personal sanction from Central Bank
Stockbroker faces scramble to hold on to clients as top executives resign
Source: irishtimes.com
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NTMA removes Davy as Government bond dealer
The NTMA described the firm’s behaviour as falling substantially short of the standards expected. Davy has been embroiled in controversy after three of its senior figures resigned over the weekend. The stockbroker was fined 4.1 million euro by the Central Bank of Ireland for breaches of financial market rules. The board reached its decision based on its assessment of the very serious findings relating to the firm that were made by the Central Bank of Ireland last week NTMA In a statement, a spokesman for the NTMA said: “The board of the National Treasury Management Agency (NTMA) has withd...
Source: belfasttelegraph.co.uk
PRESS: Davy CEO steps down over after fine for bond deal - FT
PRESS: Davy CEO steps down over after fine for bond deal - FT | Financial News
Source: lse.co.uk
FSU urges thorough review of Davy stockbrokers
The General Secretary of the Financial Services Union has said there must now be a very thorough independent review of Davy stockbrokers.
Source: rte.ie
Top Irish Securities Firm Shuts Bond Desk as Scandal Ripples On
Ireland’s top securities firm closed its bond desk and said all those involved in a deal which has plunged the company into controversy have now exited, as it sought to draw a line under the worst scandal to hit Dublin’s stockbroking community in decades.
Source: msn.com