Ireland fines Aviva 1.2 mln eur over stock lending

DUBLIN Wed Dec 19, 2012 7:15am EST

Related Topics

DUBLIN Dec 19 (Reuters) - Ireland's financial regulator has fined a subsidiary of insurance company Aviva 1.2 million euros ($1.6 million) for "serious inadequacies" in its control of stock lending practices within the firm.

The fine was levied against Aviva Insurance Europe SE, which is based in Ireland. The Irish Central Bank, which is responsible for financial regulation, said in a statement that it considered the matter closed.