Saturday October 24, 2020

McCreevy sends warning to financial regulators

EU Commissioner Charlie McCreevy will warn Irish financial regulators tomorrow that they risk choking competition with unnecessary regulations.

15th October, 2005

EU Commissioner Charlie McCreevy will warn Irish financial regulators tomorrow that they risk choking competition with unnecessary regulations.

McCreevy plans to deliver a broadside against runaway regulation in a speech to a gathering of financial regulators at their headquarters on Dame Street in Dublin.

The former finance minister will tell the regulators that they risk gold-plating existing European law by adding regulations that only increase costs for consumers.

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