Dáil Éireann Debate, Tuesday - 6 March 2018
53. Deputy Pearse Doherty asked the Minister for Finance further to Parliamentary Question No. 86 of 21 February 2018, if the one disqualification listed for 2018 was an active employee in a company or if the disqualification related to historic behaviour; and if he will make a statement on the matter. [10518/18]
Amharc ar fhreagraI am informed by the Central Bank of Ireland that the 2018 disqualification from performing senior management roles in regulated firms, under the Fitness & Probity regime, relates to Mr Michael Walsh. Mr Walsh admitted participation as a non-executive director in certain prescribed contraventions of financial services law by Irish Nationwide Building Society during the period from 1 August 2004 to 30 September 2008.
The full details of Mr Walsh's disqualification are outlined in the Central Bank's public statement on the matter which was published on 12 February 2018.
As the Inquiry into 'Persons Concerned in INBS' is still ongoing, the Central Bank does not intend to make any further comment, nor would it be appropriate for me to comment on the matter at this time.
The public statement is available at the following link:
https://www.centralbank.ie/docs/default-source/news-and-media/legal-notices/settlement-agreements/public-statement-relating-to-settlement-agreement-between-central-bank-of-ireland-and-michael-p.-walsh.pdf?sfvrsn=4
