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TD calls for investigation int...

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TD calls for investigation into Davy Stockbrokers

Rebecca Noonan
Rebecca Noonan

08:26 11 Mar 2021


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A Fianna Fáil TD has called for a banking inquiry style investigation into what happened at Davy Stockbrokers. 

Marc MacSharry made the call for a full investigation at his parliamentary party meeting last night and was supported by the chair of the Oireachtas Finance Committee John McGuinness. 

Davy was fined over €4m last week over a conflict of interest by 16 staff in relation to a bond deal.

Deputy MacSharry, who's a member of the public accounts committee, says a special inquiry is essential. 

"In terms of shoring up our reputation internationally as aspiring to the highest standard in governance we would hold an enquiry about this matter along the same times as the legislation that would have underpinned the banking enquiry, to underpin our reputation in the world as promoting the highest standards in governance and probity when it comes to financial service or indeed anything else."


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