Central Bank of Ireland governor wants 'intrusive' regulation

honohan-patrick

Governor of the Central Bank of Ireland Patrick Honohan said on April 27 that Ireland's regulatory framework is now "obtrusive and intrusive as opposed to light touch".

The governor was speaking at the Central Bank of Ireland's stakeholder conference in Dublin. He said the attitudes of central bankers had changed as a result of the ongoing financial crisis. "The previous tendency – not confined to Ireland – to regard business leaders in financial services with awe and deference has had to be

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