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
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...
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