Written answers
Thursday, 14 December 2017
Department of Finance
Central Bank of Ireland Data
Michael McGrath (Cork South Central, Fianna Fail)
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108. To ask the Minister for Finance the fines greater than €100,000 imposed by the Central Bank on financial institutions over the past three years; and if he will make a statement on the matter. [53767/17]
Paschal Donohoe (Dublin Central, Fine Gael)
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The Central Bank of Ireland has imposed fines greater than €100,000 on a number of regulated financial service providers over the past three years. T here were four such fines in 2015, seven in 2016, and five in 2017 to date. T hese are detailed in the following table provided by the Central Bank:
| Financial Institution | Year | Fine | |
|---|---|---|---|
| 1 | Intesa Sanpaolo Life dac | 2017 | €1,000,000 |
| 2 | Bank of Ireland | 2017 | €3,150,000 |
| 3 | AIB | 2017 | €2,275,000 |
| 4 | Drimnagh Credit Union | 2017 | €125,000 |
| 5 | Kinsale Capital Management | 2017 | €275,000 |
| 1 | Springboard Mortgages Limited (trading as Springboard Mortgages) | 2016 | €4,500,000 |
| 2 | Ulster Bank Ireland DAC (formerly Ulster Bank Ireland Limited) | 2016 | €3,325,000 |
| 3 | Capita Life and Pensions Services (Ireland) Limited | 2016 | €1,150,000 |
| 4 | KBC Bank Ireland plc | 2016 | €1,400,000 |
| 5 | Axa Insurance | 2016 | €675,000 |
| 6 | New Ireland Assurance | 2016 | €650,000 |
| 7 | Arch Reinsurance Europe Underwriting dac | 2016 | €275,000 |
| 1 | Computershare Investor Services Limited | 2015 | €322,500 |
| 2 | Octagon Online Services | 2015 | €105,000 |
| 3 | Irish Nationwide Building Society | 2015 | €5,000,000 |
| 4 | Western Union Payment Services Ireland Limited | 2015 | €1,750,000 |
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