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ARTICLE · 09 JULY 2021

Fitness And Probity Updates

Matheson
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On 25 May 2021, the Central Bank published its enforcement action against James Cumiskey, former Managing Director of European Mortgage Call Centre Limited.

IrelandFinance and Banking
Matheson LLP
Matheson LLP
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On 25 May 2021, the Central Bank published its enforcement action against James Cumiskey, former Managing Director of European Mortgage Call Centre Limited. The Central Bank has prohibited Mr Cumiskey from carrying out any controlled functions ("CFs"), including pre-approval controlled functions, in any regulated financial service provider, from 16 July 2020, for an indefinite period.

Susie Fitzpatrick senior associate: "One of the particularly interesting elements of this enforcement action was that during the Central Bank's investigation, it identified that Mr Cumiskey had outstanding debts and was not managing his own financial affairs in a sound and prudent manner, as is required by the fitness and probity ("F&P") Standards.

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