Neale Richmond (Dublin Rathdown, Fine Gael) | Oireachtas source

I have two further points, if the Chair allows me the time. The Central Bank issued a press statement announcing the imposition of a fine on Davy. However, the public impression was that the company was fined but no individual was being held to account. No individuals have been labelled with fines and, as Ms Rowland said to other Deputies, she cannot go into the detail of any further cases being pursued at this stage. There was no indication that individuals were being pursued in the initial announcement. This sent the wrong message to the public, the financial services sector and, indeed, the wider world.

Ms Rowland correctly referred to incoming legislation in regard to SEAR. We all hope and expect to see the heads of that Bill very soon and will have key discussions on that. The 2018 report talks about the initial scope of SEAR. Does she hope there will be no limitation on all sectors of financial services being included in the initial scope? To what extent does she think SEAR can be fully rolled out once the legislation is enacted?