Some 15 years after the Central Bank began an investigation into Irish Nationwide’s commercial lending in Ireland, Belfast, and London between 2004 and 2008, and ten years after the establishment a statutory inquiry by the Central Bank to “independently inquire” into the building society and five people involved in its management, the regulator’s investigation has now concluded.  It did not come cheap, and it has not been easy.  The society’s former finance director, John Stanley Purcell, and Michael Fingleton, its controversial CEO brought court proceedings to stop the inquiry, including a challenge to the constitutionality of the legislation which gave…

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