Irish financial regulator to get new powers

Ireland's new financial regulator is to be given powers to fine and name offending institutions under draft legislation going through the Irish parliament, the Dail, this week, according to the Financial Times on Friday 4 June.

Richard Bruton, opposition finance spokesman for Fine Gael party - and an Oxford-trained economist - was quoted as saying the new enforcement powers of the Irish Financial Services Regulatory Authority represent a big change.

But he said: "IFSRA cannot be expected to

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