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

UK money

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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