NTMA withdraws J+E Davy authority to act as Primary Dealer

8 March 2021 - The Board of the National Treasury Management Agency (NTMA) has withdrawn J&E Davy’s authority to act as Primary Dealer in Irish Government bonds with immediate effect.

The Board reached its decision based on its assessment of the very serious findings relating to the firm that were made by the Central Bank of Ireland last week and following engagement with investors in Irish Government debt over recent days.

A primary concern for the NTMA is to maintain the reputation of Ireland as a sovereign issuer in the bond market and the orderly functioning of the market for Irish Government debt. In this context, the NTMA believes that the behaviour described in the Central Bank findings falls substantially short of the standards expected from market counterparties, peers and colleagues in the bond market and is potentially damaging to Ireland’s reputation as a sovereign issuer.

Latest News
15 April 2021

NTMA raises €3.5 billion from sale of new 20-year benchmark bond

Read More
15 April 2021

Ireland sells €750m of Treasury Bills by auction

Read More
14 April 2021

NEW MANDATE – IRELAND (NTMA) 20-YEAR

Read More
12 April 2021

Auction of Irish Treasury Bills

Read More
1 April 2021

NTMA Auction Schedule for Quarter 2, 2021

Read More
29 March 2021

NTMA Institutional Investor Presentation, April 2021

Read More