Irish central bank requests more powers to regulate financial executives

Politicians say scandal at financial firm strengthens case for measures to act against wrongdoing

The Central Bank of Ireland
The Central Bank of Ireland
William Murphy

A senior official at the Central Bank of Ireland said its powers to act against financial executives suspected of wrongdoing should be increased by the government in the light of a recent scandal. 

Derville Rowland, the central bank’s director-general for financial conduct, told lawmakers on March 9 that the central bank needed these powers. She also strongly criticised the conduct of senior executives at brokerage firm J&E Davy.

Opposition politicians have called on Irish finance minister

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