Dáil Éireann Debate, Thursday - 14 December 2017
108. Deputy Michael McGrath asked the Minister for Finance the fines greater than €100,000 imposed by the Central Bank on financial institutions over the past three years; and if he will make a statement on the matter. [53767/17]
View answerThe Central Bank of Ireland has imposed fines greater than €100,000 on a number of regulated financial service providers over the past three years. T here were four such fines in 2015, seven in 2016, and five in 2017 to date. T hese are detailed in the following table provided by the Central Bank:
|
|
Financial Institution |
Year |
Fine |
|
1 |
Intesa Sanpaolo Life dac |
2017 |
€1,000,000 |
|
2 |
Bank of Ireland |
2017 |
€3,150,000 |
|
3 |
AIB |
2017 |
€2,275,000 |
|
4 |
Drimnagh Credit Union |
2017 |
€125,000 |
|
5 |
Kinsale Capital Management |
2017 |
€275,000 |
|
1 |
Springboard Mortgages Limited (trading as Springboard Mortgages) |
2016 |
€4,500,000 |
|
2 |
Ulster Bank Ireland DAC (formerly Ulster Bank Ireland Limited) |
2016 |
€3,325,000 |
|
3 |
Capita Life and Pensions Services (Ireland) Limited |
2016 |
€1,150,000 |
|
4 |
KBC Bank Ireland plc |
2016 |
€1,400,000 |
|
5 |
Axa Insurance |
2016 |
€675,000 |
|
6 |
New Ireland Assurance |
2016 |
€650,000 |
|
7 |
Arch Reinsurance Europe Underwriting dac |
2016 |
€275,000 |
|
1 |
Computershare Investor Services Limited |
2015 |
€322,500 |
|
2 |
Octagon Online Services |
2015 |
€105,000 |
|
3 |
Irish Nationwide Building Society |
2015 |
€5,000,000 |
|
4 |
Western Union Payment Services Ireland Limited |
2015 |
€1,750,000 |
