True, while the single currency, and now the single supervisory mechanism, also play a fundamental role in delivering on the mission slogan of the Central Bank of Ireland of ‘safeguarding stability, protecting consumers’ the Central Bank of Ireland retains many functions to itself that also play a significant part in this.
Lack of global financial regulation I highly welcome the general tone of the Pontifical Council’s note which stresses the need for the financial sector to serve the overall economy and, accordingly, the common good.