By contrast, the framework for banking regulation grew out of desire to avoid depositors’ runs. Although planned some time ago, this conference could hardly have been more timely. Intense regulatory activity here in Ireland, in the EU, as well as in global sectoral fora and in the Financial Stability Board (FSB), hinges on these very issues.
Avid readers of our Strategic Plan know that the effective regulation of financial institutions constitutes one of the eight high level goals set for our institution by the Central Bank Commission. We are doing our very best to deliver that goal.