Central Bank of Ireland director says it will take ‘some time' to get out of crisis

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Between now and 2016, with the implementation of the Single Supervisory Mechanism in Europe, banking regulation will have undergone a fundamental change, Fiona Muldoon, the Central Bank of Ireland's director of credit institutions and insurance supervision, said today, in an address to the MacGill Summer School on how to restore confidence in the financial system.

"In Ireland," she said, "the banking sector, the regulator and various other government agencies will have worked very hard for a

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