Regulatory system must be reformed
There has been a lot of talk about the need for better regulation of our financial system. Decisive moves to achieve this are now required.
The existing system has no credibility and a new structure is required, as one step to restoring confidence.
The revelations last week about dealings between Anglo Irish Bank and Irish Life & Permanent are just the latest example of how the banks were not properly regulated. Whether this was due to inefficiency, or to an approach in the regulator’s office of not looking too deeply into things, is impossible to judge from the outside....
Subscribe from just €1 for the first month!
Exclusive offers:
All Digital Access + eReader
Trial
€1
Unlimited Access for 1 Month, €19.99 Monthly thereafter
*New subscribers only
Annual
€200
€149 For the 1st Year
Unlimited Access for 1 Year
Quarterly
€55
€42
90 Day Pass
2 Yearly
€315
€248
Unlimited Access for 2 Years
Team Pass
Get a Business Account for you and your team
Related Stories
The year in review
The best writing and and the biggest stories of 2019 from the Business Post
Newsround: What Thursday’s papers say
Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals
More cycle routes, expansion of Luas to Bray and new bus network proposed
Greater Dublin Area draft Transport Strategy published