New brokers’ rules will only penalise potential clients

A hospitality ban is good, but removing the ability to call yourself ‘independent’ if you only charge via fee misses the point

29th September, 2019

Last week, the Central Bank published details of a range of new rules that will cover the relationships between financial brokers and the banks and financial firms they deal with.

While the bank decided not to ban commissions for brokers under the new rules, which will come into effect next March, it did put a stop to things such as brokers accepting free hospitality.

It also sought to increase transparency and restrict the use of...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Private rental sector remains strong despite Covid-19

How the programme for government will shape housing

Insight Niall Byrne 8 months ago

Comment: US must defuse Covid-19’s ticking time bomb of debt

Insight Todd G Buchholz 8 months ago

Comment: The recovery will be more U than V-shaped

Insight Larry Hatheway 8 months ago