Report prompts Ireland's chief regulator to quit

Patrick Neary, the chief executive of the Financial Services Regulatory Authority, will retire after a report condemned the organisation for its failings in a scandal involving one of the country's biggest banks.

The report, commissioned by the authority in the run-up to Christmas, criticised the regulator for its handling of irregularities at Anglo Irish, one of the country's largest banks.

Neary said: "I had deferred a decision about my retirement until the report relating to loans to direc

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