Ulster Bank considers switch to regulation in London

Ulster Bank has told the Irish government that it wants to be regulated out of London rather than Dublin, raisng concerns about the bank's long-term commitment to Ireland.

14th July, 2012

Ulster Bank has told the Irish government that it wants to be regulated out of London rather than Dublin, in a move that has raised concerns about the bank's long-term commitment to Ireland.

The bank wants to change regulators from the Central Bank of Ireland to the Bank of England and the Financial Services Authority in Britain, the location of its parent company, Royal Bank of Scotland (RBS).

Given its history and the size of...

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