No suspected criminal activity found at Davy, Oireachtas told ‘Live supervisory matter’ but regulator declines to say if action likely against individuals Tue, Mar 9, 2021, 16:28 Updated: Tue, Mar 9, 2021, 21:44
Central Bank director general of financial conduct Derville Rowland said on Tuesday that the regulator did not find any suspected criminal activity when investigating Davy for market-rules breaches. The organisation is obliged by law to report any suspected incidents of criminality to An Garda Síochána and the Office of the Director of Corporate Enforcement (ODCE) that it comes across. “I can confirm that in the course of this very meticulous and careful investigation, we did not form suspicion to support reports to other agencies,” Ms Rowland told the Oireachtas finance committee on Tuesday. Both she and the bank’s deputy governor, Ed Sibley, faced questions on the Davy scandal.