Davy has refused to confirm the names of individuals involved, believed to include current and former employees. The brokerage and the Central Bank declined to comment on whether the regulator plans to pursue any action against individuals. “I believe it is appropriate that Davy publicly comment on the statement that was made by the Central Bank today,” he said. “This case serves as an important reminder that conflicts of interest are an inherent risk to all regulated entities. Following on from this, Davy introduced a revised conflicts of interest policy and revised personal account dealing rules in May 2016.

Source: The Irish Times March 02, 2021 13:00 UTC