Saturday June 6, 2020

Makhlouf voices concern over resilience of funds industry to shocks

Central Bank governor says no framework exists to deal with non-bank funds in difficulty

Ian Guider

Markets Editor

19th April, 2020
Gabriel Makhlouf, the Central Bank governor: risks to financial stability. Picture: Son Photographic

The Central Bank has heightened its scrutiny of Ireland’s funds industry in the wake of last month’s financial market turmoil.

Gabriel Makhlouf, the Central Bank governor, said the level of non-bank financial intermediation in Ireland had warranted the extra attention to determine if it could pose a risk to the overall financial system.

“The immediate thing is to manage two issues,” he said in an interview with the Business Post. “The...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Trying to neatly separate these into different European and national competences is a complete fudge and doesn’t reflect reality

Aidan Regan | 6 days ago

The new proposal to issue €500 billion in common European debt is a big step in the right direction – assuming it gets the green light

Aidan Regan | 1 week ago

This is no time for austerity – the economic conditions facing the new government present an unparalleled opportunity to ‘reboot and reimagine’

Aidan Regan | 2 weeks ago