Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Ms Rowland said that this was contested and difficult throughout the period. The current CEO of Davy is Bernard Byrne, who was a board member in 2019 and obviously would have some knowledge of the investigation and the interaction with the Central Bank. Regarding the challenges and frustration experienced by the Central Bank during this period, is there now a question for Mr. Byrne to answer regarding his role in, knowledge of and experience regarding the challenges to the Central Bank in respect of its investigation?

We cannot understand how after what Ms Rowland has said and a six-year investigation, Davy gets a reduction of the fine of 30%.

The fine was supposed to be €5.9 million but was reduced to €4.13 million in accordance with an early settlement discount scheme that promotes the early resolution of matters. Six years, challenges, a lack of candour, misleading and threatening to go to court is not an early settlement under the discount scheme in anyone's book and should not be rewarded with a 30% reduction. Perhaps Ms Rowland will explain this issue to the committee.