Saturday October 24, 2020

Warning that regulation could hinder growth

Controls must not ‘dampen the competitive atmosphere’, according to Eimer O’Rourke, Irish Banking Federation director of retail banking

3rd September, 2011

Controls must not ‘dampen the competitive atmosphere’, according to Eimer O’Rourke, Irish Banking Federation director of retail banking

The retail banking sector and regulators face a tough juggling act, with a leading industry representative saying that regulation needs to hit the right balance between meeting the needs of consumers and financial institutions.

According to Eimer O’Rourke, director of retail banking with the Irish Banking Federation, excessive regulation can sometimes hinder competition....

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