Yesterday afternoon Brian McKiernan issued an update to staff after Davy, the stockbroking firm he leads, was fined €4.13 million by the Central Bank over an extraordinary Anglo bond transaction. In an embarrassing twist, McKiernan, who had sought to personally profit from the transaction, was last night forced to reissue the staff update amid fears that his initial commentary breached the terms of the settlement with the regulator.   The National Treasury Management Agency, which deals extensively with Davy, meanwhile has issued a statement in response to the affair. “The NTMA notes the very serious findings by the Central Bank…

Join The Currency

INTRODUCTORY OFFER: Full annual membership for just €200.

Don’t miss out on what is going on with our daily unique stories from our team of skilled journalists and insightful commentators.

Members of The Currency get full access to over 4,000 exclusive interviews, investigations, and analysis, plus over 460 podcasts.

Annual membership is just €200 for the first year, a saving of €100.

Or try The Currency for the first month for a special introductory rate of €5, a saving of €20.

Cancel at any time.

To become a member today click here.