I believe that good supervision also helps consumer protection, but these are two different tasks. So it’s up to the Irish Central Bank really to sort this problem? Absolutely – and they are doing it. Brexit is obviously something that a lot of people in this country in particular are worried about because we’re so heavily exposed.
This has also happened when mails were received by members of the public that a huge amount was received in their name and held with the Reserve Bank of India. They were provided with a link which masqueraded as RBI website and inviting them to provide their bank account details.