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12/02/2009
Failed Regulator Walks Away With €630,000 Handshake
As Ireland's financial crises continues to worsen, things are looking up for the failed financial regulator, who has been given a €630,000 golden handshake.
Pat Neary, the failed Financial Regulator who was forced to retire at the end of last month, has been given an astounding €630,000 for his trouble.
According to reports this morning, included with his leaving package, Neary will also receive a public service pension of almost €143,000 a year for the rest of his life.
Speaking on RTÉ Morning Ireland this morning, Minister for Finance Brian Lenihan admitted the financial regulatory system will need reformed if Ireland's international reputation is to be restored.
Mr Lenihan also said further information about Anglo Irish Bank would emerge in the coming weeks when a report into its dealings is published.
This week it was revealed the Financial regulator had known for 11 months that ex-Anglo Irish Bank Chief Executive, Sean Fitzpatrick, and members of his board had taken secret loans of up to €129m.
It also emerged that the bank had taken a ten day loan of €4 billion from Irish Life & Permanent in order to skew its dire year-end figures.
(DW/BMcC)
Pat Neary, the failed Financial Regulator who was forced to retire at the end of last month, has been given an astounding €630,000 for his trouble.
According to reports this morning, included with his leaving package, Neary will also receive a public service pension of almost €143,000 a year for the rest of his life.
Speaking on RTÉ Morning Ireland this morning, Minister for Finance Brian Lenihan admitted the financial regulatory system will need reformed if Ireland's international reputation is to be restored.
Mr Lenihan also said further information about Anglo Irish Bank would emerge in the coming weeks when a report into its dealings is published.
This week it was revealed the Financial regulator had known for 11 months that ex-Anglo Irish Bank Chief Executive, Sean Fitzpatrick, and members of his board had taken secret loans of up to €129m.
It also emerged that the bank had taken a ten day loan of €4 billion from Irish Life & Permanent in order to skew its dire year-end figures.
(DW/BMcC)
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13 February 2009
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30 September 2010
Dáil's Anglo Bill 'At Least €29 Billion'
Ireland's financial regulator has revealed that the final cost of the taxpayer bailout of the Anglo Irish bank stands at €29.3billion, but could potentially rise to €34billion. The statement came as Finance Minister, Brian Lenihan fended off a volley of demands for the failed bank's total cost during the week.
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11 September 2009
AIB To Refund €400k In Overcharges
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18 February 2009
Regulator Issues Warning Over Phoney Investment Firms
The Financial Regulator has issued warnings about two firms, which they believe have been offering investment services to the Irish public. According to the regulator, neither of the two companies Guardian Asset Management nor London Equities are authorised as investment firms in Ireland.
Regulator Issues Warning Over Phoney Investment Firms
The Financial Regulator has issued warnings about two firms, which they believe have been offering investment services to the Irish public. According to the regulator, neither of the two companies Guardian Asset Management nor London Equities are authorised as investment firms in Ireland.
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Ireland WeatherToday:The day will be very windy with strong to gale force westerly winds becoming occasionally severe along the north coast. Sunny spells will be interspersed with scattered showers. Maximum temperature 8 °C.Tonight:West to northwest gale force winds, severe along the north coast, will continue overnight. Frequent showers persist, merging into longer periods of rain at times and turning wintry. Minimum temperature 1 °C.
