However, they remained housed with the Central Bank, under the umbrella of the Central Bank and Financial Services Authority of Ireland (CBFSAI).
Subsequent reviews of the performance of the structure in the lead up to, and during, the financial crisis identified inadequate channels of communication between the two entities as part of the underlying factors behind the development of the risks that manifested in the Irish banking sector.7 The central banking and supervisory entities have since re-merged into the Central Bank of Ireland.