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Central Bank must do more on loan notes than just sit on the sidelines

Fearghal O'Connor


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The Central Bank has stayed cleared of the Dolphin mess

The Central Bank has stayed cleared of the Dolphin mess

The Central Bank has stayed cleared of the Dolphin mess

The Pensions Authority has launched legal action against Wealth Options Trustees Limited (WOTL), a Naas company linked to the collapsed German property scheme Dolphin Trust. WOTL administered Irish investments in the failed scheme.

This regulatory ramp-up in the Dolphin affair – including input from Revenue – is welcome. The reaction to date by the authorities here had been muted, despite more than €100m being lost by small Irish investors.


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