Written answers
Thursday, 26 November 2015
Department of Finance
Financial Services Regulation
Michael McGrath (Cork South Central, Fianna Fail)
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78. To ask the Minister for Finance the number of persons who have not passed the Central Bank of Ireland’s fitness and probity regime in the banking and finance industry; and if he will make a statement on the matter. [42263/15]
Michael Noonan (Limerick City, Fine Gael)
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The Central Bank has informed me that since the introduction of the Fitness and Probity Regime on 1 December 2011, the Central Bank has processed 11,936 pre-approval controlled function applications.
9,997 of these applications were approved, 1,391 were returned as incomplete submissions and 548 applications were withdrawn by either the applicant or proposing entity.
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