Irish supervisor warns of return to light-touch regulation
Some banks’ handling of liquidity issues is concerning, says Sibley
The Central Bank of Ireland is concerned about calls for a return to more of a ‘light-touch’ approach to the regulation of banks, internationally and domestically, its director of credit institutions supervision said.
There had been “significant progress” in improving the governance, balance sheet structures and funding models of Ireland-based banks, Ed Sibley told an audience on June 30. But, he added, “it is with concern that we are seeing material issues in our liquidity risk work”.
Some
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