Ireland needs clearer macroprudential mandate: OECD

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The Organisation for Economic Co-operation and Development (OECD), an economic think tank, on Wednesday called for the supervisory role of Ireland's central bank to be more clearly defined.

"The central bank should be given a more explicit macroprudential mandate," it said in its Economic Survey of Ireland, adding that "consideration should be given to the development of more effective macroprudential instruments."

Clearly defining the role of the central bank in regulating Irish banks is a key a

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