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

@ianguider
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...

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