Ms Derville Rowland:

The Deputy will appreciate that even today, further announcements from Davy itself about the staff no longer working there are being made. It has confirmed that the senior individuals who were associated with this are not working in the firm. As we speak, the Central Bank is engaged in very dynamic and significant regulatory engagement with Davy. It is an evolving situation. These are live regulatory issues. It is not that I do not wish to be helpful but I cannot be drawn in commenting on future regulatory actions against individuals. I want to say that we hard fought this enforcement outcome with the firm. The outcome has caused Davy a moment of reckoning. It causes it to have questions to answer with respect to its conduct and culture. It is right that it does. However, it is also right that the Central Bank of Ireland keeps all its options open and does not prejudice any actions with commentary.