Friday May 29, 2020

Mitchell O’Connor ‘Central Bank is closed for business’

• Minister for Jobs: Regulator gets blame for blocking Brexit jobs • Mitchell O’Connor also pushed Lane to relax mortgage rules

23rd April, 2017
Pic: Fergal Phillips

Minister for Jobs Mary Mitchell O’Connor twice told Central Bank governor Philip Lane that the financial regulator was being blamed for blocking Brexit jobs, confidential notes obtained by The Sunday Business Post show.

Mitchell O’Connor also quizzed Lane and his top officials on the prospect of strict rules on mortgage lending being relaxed.

The Central Bank specifically had its mandate to act as a promoter for financial services removed from it...

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