Saturday July 4, 2020

Honohan probe criticises role of Central Bank

Serious criticism of the role of the Central Bank in overseeing the financial system will be contained in a major report by the bank’s governor Patrick Honohan which is published this week.

5th June, 2010

Serious criticism of the role of the Central Bank in overseeing the financial system will be contained in a major report by the bank’s governor Patrick Honohan which is published this week.

In a significant and surprising move, Honohan will also comment on the government’s decision to grant a blanket guarantee on bank liabilities in September 2008.

He will say that a widespread guarantee was needed, but will question whether it should...

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