A tough stance is needed when bankers fall foul of the rules

A tough stance is needed when bankers fall foul of the rules

The Central Bank’s recent report on fund managers is likely to see its enforcement division working overtime in the next year

Over the past few weeks, I’ve had the pleasure of speaking to plenty of bankers and listened to their many problems. One of the topics that comes up regularly is the role of the Central Bank. I’ve had a number of bank executives express - privately, of course - their annoyance at the regulator’s intrusiveness. It came up in a conversation after the Central Bank last month hit Wells Fargo, the US-based lender, with a...

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