Irish CB “taking action” to fix flaws, says governor

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Patrick Honohan, the governor of Ireland's central bank, has said the institution has made progress in rectifying the structural and cultural failings highlighted by his report into its pre-crisis performance.

In an eagerly-awaited report out Wednesday, Patrick Honohan, the governor of the Central Bank and Financial Services Authority of Ireland, criticised the ambiguity of the institution's regulatory arrangements.

Proposed reforms of the central bank law will integrate the regulator within the

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