Doherty: State needs to cut ties with Davy in wake of trading scandal
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He said: “There are countries all throughout the world who sell their bonds on the international markets, and don’t go to Davys.
“I think we’re left in a situation where the State can’t continue to provide reputational cover to an organisation which basically tried to ride this out… which issued a number of internal memos to its staff without acknowledging what had happened, and which only saw resignations of three individuals after public pressure.
“Given the significance of what has happened… I think the State can’t continue to engage with this organisation until there is individual accountability and until there is clear trust and a proper investigation wider than that single transaction.”