Dáil Éireann Debate, Wednesday - 21 February 2018
86. Deputy Pearse Doherty asked the Minister for Finance the number of persons disqualified, removed from a position within a bank or prevented from taking up a position under the Central Bank's fitness and probity regime in each category in each of the years from 2008 to 2017 and to date in 2018, in tabular form; and if he will make a statement on the matter. [8975/18]
Amharc ar fhreagraI am informed by the Central Bank that under its Administrative Sanctions Procedure, in place since 2006, 12 individuals have been disqualified from performing senior management roles in regulated firms.
Under the Fitness & Probity regime, in place since 2011, 4 individuals have been prohibited from working in regulated firms. Two of these were employed by credit institutions, albeit credit unions rather than banks.
As part of the Central Bank’s Gatekeeper role which again has been in place since 2011, 40 individuals who had applied to take up senior positions within financial services firms withdrew their applications following robust challenge by the Central Bank, which in many cases involved one or more challenge interviews with that individual. These withdrawals span all sectors and 5 have involved individuals withdrawing their applications for senior positions in banks.
The Central Bank have provided the table.
|
Year |
Disqualification as a result of conduct while at a Bank |
Prohibition as a result of conduct while at a Bank |
Prevented from taking up a position at a Bank |
|
2018 |
1 |
0 |
0 |
|
2017 |
0 |
0 |
1 |
|
2016 |
0 |
0 |
0 |
|
2015 |
0 |
0 |
2 |
|
2014 |
0 |
0 |
0 |
|
2013 |
0 |
0 |
2 |
|
2012 |
0 |
0 |
0 |
|
2011 |
0 |
0 |
0 |
|
2010 |
0 |
0 |
0 |
|
2009 |
0 |
0 |
0 |
|
2008 |
0 |
0 |
0 |
