Ireland’s Central Bank Hands Out Record €67M In Fines

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By Ronan Barnard (Could 31, 2022, 6:42 PM BST) — Eire’s central financial institution stated it imposed greater than €67 million ($72 million) in fines in 2021, breaking its earlier report for penalties after it prolonged its regulatory attain over the previous yr.

The Central Financial institution of Eire stated in its annual report on Monday that it had slapped firms with report fines for severe regulatory offenses and misconduct, and that it issued 90 warning notices to regulated companies.

The central financial institution added that it had began 340 regulatory actions in opposition to banks and different monetary firms in 2021. The regulator stated these actions got here from 131 separate findings throughout 34 inspections and…

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