Financial regulator to create framework for market-based finance sector

Central Bank governor Gabriel Makhlouf says Irish financial system needs to ‘get ahead of the curve’ and assess risks

5th July, 2020
Financial regulator to create framework for market-based finance sector
Gabriel Makhlouf: ‘shadow banking’ concerns

The Central Bank will develop a regulatory framework to oversee the non-bank financial sector, as already exists for traditional banks, Gabriel Makhlouf, the Central Bank Governor, has said.

Speaking at an online event with European think-tank Bruegel early last week, Makhlouf said the financial regulator would establish a macroprudential framework for the non-bank or market-based finance sector.

Maklhouf has previously raised concerns about the “shadow banking” sector in Ireland, but last week for the first...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month, €19.99 Monthly thereafter

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

NTMA paid Davy €14.2m in seven years before Anglo Irish bond scandal

Square deal on the cards for Irish businesses, says firm’s European executive director

‘Very serious’ Davy breaches not criminal offences, says Central Bank

Dolphin Trust assets worth ‘a fraction’ of funds raised, Irish liquidator warns investors