Nobody in Davy has been asked to resign by the Central Bank of Ireland despite Ireland’s biggest stockbroker being fined €4.13 million and an extensive investigation concluding that it “fell well below the standard required in meeting its regulatory obligations in relation to conflicts of interest and personal account dealing.”  An enforcement action by the Central Bank found that a group of 16 employees including a “group of senior executives” prioritised making a “personal financial gain over ensuring that it was complying with its regulatory obligations” to a Davy client. The Central Bank also criticised Davy for its “lack of…

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