Tagged: seána cunningham

BNY Mellon Fund Services (in Ireland) DAC Fined €10.78M, Reprimanded by Central Bank over Regulatory Issues

On 22 March 2022, the Central Bank of Ireland  “reprimanded” and fined BNY Mellon Fund Services (Ireland) DAC €10,780,000 pursuant to its Administrative Sanctions Procedure (the ASP) for 16 regulatory breaches “relating to the outsourcing of fund administration activities.” The 16 breaches “arose because of… Read More

Bank of Ireland to Pay €24.5 Million Fine for Allegedly Failing to Maintain Proper IT Systems

The Bank of Ireland has reportedly been fined €24.5 million by the Central Bank for failing over the course of over 10 years to have a proper system in place to allow for the continuity of service to clients in the event of a major… Read More

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