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Ex RSA Ireland CFO O'Connor fined €70,000 and banned for 8 years

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Action follows the provider's failure to maintain sufficient technical reserves between February 2010 and September 2013.

The Central Bank of Ireland has disqualified Rory O’Connor, former executive director and chief financial officer of RSA Ireland (RSAII), from being a person concerned in the management of a regulated financial services provider for eight years and four months.

O’Connor was also fined €70,000 (£63,380) by the Central Bank for his admitted participation in a breach of financial services law by RSAII.

The case relates to RSAII’s failure to maintain sufficient technical reserves from February

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