first_img whatsapp Share Show Comments ▼ Watchdog will open new RSA Ireland inquiry INSURER RSA is facing an external investigation over financial irregularities in its Irish business, which were uncovered in 2013.The Financial Reporting Council (FRC) announced yesterday that it has decided to investigate the conduct of certain individuals at RSA Ireland.An RSA spokesperson said: “This is not an investigation into RSA. The FRC’s remit is over members and member firms of accountants, auditors and actuaries. We understand that the investigation will therefore cover members of these professions who were employed by RSA at the time.”News of the issues at RSA’s Irish arm, which took place during 2012, led to the departures of several senior executives – including group chief executive Simon Lee – and prompted a series of profit warnings.Ex-RBS boss Stephen Hester was appointed to replace Lee in 2014, and has been leading a turnaround of the FTSE 100 insurer since then. Under Hester’s leadership, RSA has been divesting its non-core business and at its last results, the company said its remediation in Ireland was continuing.Ex-RSA Ireland boss Philip Smith, who quit after being suspended over the irregularities, was last month awarded €1.25m (£887,000) by an employment tribunal on the grounds of constructive dismissal. RSA said it will appeal the decision.  whatsapp Tuesday 7 July 2015 11:17 pm Express KCS More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comMark Eaton, former NBA All-Star, dead at‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 Tags: NULLlast_img