Public statement relating to Settlement Agreement between the Central Bank of Ireland and Allied Irish Banks, plc

Date17 December 2013
1
Settlement Agreement between the Central Bank of Ireland
and Allied Irish Banks, p.l.c.
The Central Bank of Ireland (the “Central Bank”) has entered into a Settlement Agreement
with effect from 17 December 2013 with Allied Irish Banks, p.l.c. (the “Firm”), a regulated
financial services provider, in relation to contraventions of the Central Bank’s Requirements
for the Management of Liquidity Risk (theRequirements”) and the European Communities
Regulations”).
Reprimand and fine
The Central Bank reprimanded the Firm and required it to pay a monetary penalty of
€490,000.
Contraventions
The four contraventions, which occurred at various periods between September 2007 and
May 2013, were as follows:
1. the Firm failed to have adequate internal controls in place to ensure the integrity of
its regulatory liquidity reporting in breach of Regulation 16(3)(c) of the Regulations;
2. the Firm failed to comply with Section 3.2.2 of the Requirements by not ensuring the
integrity of liquidity reporting to the Central Bank;

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