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
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...
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