Dáil Éireann Debate, Thursday - 29 March 2018
119. Deputy Michael McGrath asked the Minister for Finance the fines imposed by the Central Bank on financial institutions in each of the years 2013 to 2017 and to date in 2018; if the institution was a licensed credit institution, retail credit firm, credit servicing firm and other types of financial institution in each case in tabular form; and if he will make a statement on the matter. [14833/18]
Amharc ar fhreagraI am informed by the Central Bank that since 2006, 117 cases have been concluded through the Administrative Sanctions Procedure (ASP)/settlement procedure. This has resulted in the sum of €61,608,525 being imposed by way of monetary sanctions.
Public statements on the Central Bank’s settled ASP cases are available publicly on the Central Bank’s website.
Attached is a table in response to the specific question from the Deputy detailing settled ASP cases involving the types of entities and timespan specified.
|
Year |
Credit Institutions |
Retail Credit Firms |
Credit Servicing Firms |
Other |
||||
|
Fines |
Amount |
Fines |
Amount |
Fines |
Amount |
Fines |
Amount |
|
|
2018 |
0 |
€0 |
0 |
€0 |
0 |
€0 |
0 |
€0 |
|
2017 |
2 |
€5,425,000 |
0 |
€0 |
0 |
€0 |
9 |
€1,814,970 |
|
2016 |
2 |
€4,725,000 |
1 |
€4,500,000 |
0 |
€0 |
6 |
€2,850,750 |
|
2015 |
1 |
€5,000,000 |
0 |
€0 |
0 |
€0 |
6 |
€2,333,040 |
|
2014 |
3 |
€4,465,000 |
0 |
€0 |
8 |
€957,450 |
||
|
2013 |
2 |
€1,040,000 |
0 |
€0 |
14 |
€5,308,215 |
Please note Credit Servicing firms were not regulated before 2015 and became regulated via the Consumer Protection (Regulation of Credit Servicing Firms) Act 2015.
