RSA probe at 'advanced stage', Central Bank says
The Central Bank's probe into an accounting scandal at RSA's Irish division is moving toward a conclusion and decisions on possible sanctions will be made once it's completed, Joe Brennan writes.
"An investigation into historical claims-reserving practices at RSA is ongoing and is at an advanced stage," said spokeswoman Nicola Faulkner.
"Once concluded, decisions regarding enforcement proceedings will be made."
She declined to comment further. The regulator began its investigation after RSA revealed in November 2013 it was probing the timing of Irish reserve provisions. RSA later injected £200m (€270.8m) into the division to shore up its capital.