Ireland unveils new supervisory code

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The Central Bank of Ireland on Monday revealed further details of its new, more intrusive regulatory regime.

In an 84-page report, ‘Banking supervision: our new approach', the central bank set out how it plans to get tough on the country's much-maligned lenders.

Patrick Brady, the assistant director general for policy and risk, said: "There will be a paradigm shift in our regulatory approach. We will demand decisive follow-through by both supervisory staff and supervised institutions. While in

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