Thursday August 13, 2020

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

Daniel Murray

Business Reporter

@danieltmurray
5th July, 2020
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...

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