Irish central bank gets new supervisory structure
Supervisory functions will be split into two “pillars”
The Central Bank of Ireland is to begin operating under a new supervisory structure, it announced on May 30.
The plan was approved by the institution’s governance body, the Central Bank of Ireland Commission, and effectively splits the central bank’s current financial regulation “pillar” in two. The three directorates with responsibility for supervising credit institutions, insurance and asset management will become part of a new prudential regulation pillar.
The directorates for consumer
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