Dáil Éireann Debate, Thursday - 17 December 2015
158. Deputy Michael McGrath asked the Minister for Finance the fines greater than €100,000 imposed by the Central Bank of Ireland on financial institutions over the past three years; and if he will make a statement on the matter. [45990/15]
View answerThe Central Bank has provided me with the following information on fines greater than €100,000 it has imposed over the past three years.
|
Year |
Name |
Date |
€ |
|
|
2013 |
Quinn Insurance Ltd (under Administration) |
18/02/2013 |
€5,000,000 |
Fine waived in the public interest |
|
|
Citibank Europe plc |
11/12/2013 |
€550,000 |
|
|
|
Allied Irish Banks plc |
17/12/2013 |
€490,000 |
|
|
|
Total fines greater than €100,000 imposed for 2013 |
€6,040,000 |
|
|
|
2014 |
Ava Capital Markets Limited |
04/03/2014 |
€165,000 |
|
|
|
UniCredit Bank Ireland p.l.c. |
13/03/2014 |
€315,000 |
|
|
|
FBD Insurance plc |
08/05/2014 |
€490,000 |
|
|
|
Squared Financial Services Limited |
16/05/2014 |
€100,000 |
|
|
|
Bank of Montreal Ireland plc |
21/05/2014 |
€650,000 |
|
|
|
Ulster Bank Ireland |
12/11/2014 |
€3,500,000 |
|
|
|
Provident Personal Credit Limited t/a Provident |
01/12/2014 |
€105,000 |
|
|
|
Total fines greater than €100,000 imposed for 2014 |
€5,325,000 |
|
|
|
2015 |
Western Union |
19/05/2015 |
€1,750,000 |
|
|
|
Mr Tadhg Gunnell |
21/05/2015 |
€105,000 |
The Central Bank considered that the actions of Mr Gunnell also merited a monetary penalty of €105,000 being imposed on him. However, on the basis that Mr Gunnell was adjudicated bankrupt by the High Court on 26 January 2015, this monetary penalty has been waived. |
|
|
Irish Nationwide Building Society |
15/07/2015 |
€5,000,000 |
Fine waived in the public interest |
|
|
Total fines greater than €100,000 imposed for 2015 |
€6,855,000 |
|
|
|
|
Total fines greater than €100,000 imposed from 2013 to 2015 |
€18,220,000 |
|
