Irish central bank accused of acting like Rambo

IRELAND - Insurance brokers have accused the Central Bank of acting as a 'Rambo regulator' which discriminates against smaller brokerage operations.

The Professional Insurance Brokers Association (PIBA), a body representing 700 brokers, says that a system of regulation introduced by the Central Bank last November has proved 'completely inflexible and not suited to industry', the Irish Times reported.

The association's main problem with the regulatory regime is that it differentiates between the

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