Just over a year ago, the most senior figures within Davy Stockbrokers gathered to determine how the firm would deal with the imminent publication of a damning Central Bank report into the Anglo bond trade. The broker was being censured with a record fine, and the Central Bank offered Davy the chance to issue a statement alongside its findings. The powerbrokers within Davy opted against making any public statement. Instead, they issued a circular to Davy staff in which the then chief executive Brian McKiernan expressed Davy’s “deep regret” but added that there were “no findings of actual conflict of…

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