Ireland copies UK in new central bank law

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A new Bill was published by the Irish minister of finance, Michael Noonan, on Thursday. In it was a provision "modelled on a similar UK" rule.

The Central Bank (Supervision and Enforcement) Bill 2011 is designed to respond to the regulatory failures in Ireland that were highlighted by the financial crisis.

"The bill strengthens the ability of the central bank to impose and supervise compliance with regulatory requirements and to undertake timely prudential interventions," said the department of

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