Irish central bank requests more powers to regulate financial executives

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The Central Bank of Ireland

The Central Bank of Ireland

A senior official at the Central Bank of Ireland said its powers to act against financial executives suspected of wrongdoing should be increased by the government in the light of a recent scandal. 

Derville Rowland, the central bank’s director-general for financial conduct, told lawmakers on March 9 that the central bank needed these powers. She also strongly criticised the conduct of senior executives at brokerage firm J&E Davy.

Opposition politicians have called on Irish finance minister

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