Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Ms Rowland made the point that Davy has stated that none of the 16 employees are currently with J&E Davy. This comment was echoed by the Minister for Finance this morning. However, Ms Rowland will be aware that a number of individuals involved in this consortium are with other companies within this group. Brian McKiernan, the former CEO; the deputy chairman, Kyran McLaughlin; and the head of bonds, Barry Nangle, who were all central to this issue, are also directors of White Note Limited, which holds the majority shareholding in J&E Davy Holdings, which is the parent company of J&E Davy; Amber Note Unlimited Company; and Ailmount Investments, which holds voting rights in White Note Limited. This confers a significant say in and power over the activities of Davy on those individuals involved in the transaction. This has been mapped out quite excellently by the The Currency News over the past 24 hours. Does the Central Bank regulate any of those structures, which are located in this State, in the Isle of Man and in Gibraltar? Ms Rowland spoke about fitness and probity. Is the Central Bank satisfied that these individuals, who are involved in this transaction, should continue to operate as directors in those holding companies with voting rights and influence in respect of J&E Davy?