Regulating the nonbank sector While, of all the Central Bank’s activities, banking attracts the lions-share of media coverage and public debate, and not surprisingly considering events of recent years, in actual fact, of the Central Bank staff working in financial regulation and supervision, only a fraction work on banks.
The largest group supervise regulated non-bank entities operating in the financial markets notably including investment funds, for which Dublin is one of the global centres. Insurance firms, many of them providing services mainly to international customers, are supervised by another large group.