Parliamentary enquiry criticises Irish central bank
Central Bank of Ireland had 'sufficient powers' for more intrusive approach, report says
The report of an Irish parliamentary committee into the country's financial crisis has criticised the then-management of the Central Bank of Ireland (CBI), as well as the European Central Bank and the country's micro-prudential financial regulator.
A gradual build-up in "risky practices" by banks had not been addressed by either the CBI or the financial regulator, the report says. The CBI had sufficient powers before the crisis both to adopt a "more intrusive" regulatory approach and to compel
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