Irish central bank head demands IFSRA consultation

Moves are afoot to give the governor of the Central Bank of Ireland the right to be consulted by the Minister for Finance about the budget for the new financial services regulatory body, it has emerged.

Up to now, it had been intended that the budget for the new Irish Financial Services Regulatory Authority (IFSRA) would be approved by the Minister for Finance.

Before the Minister approved the budget, he was required to consult with the board of the Bank.

But under a planned amendment to legisla