The emergence of the IFSC in subsequent years was the catalyst for a great expansion in financial regulation: this still places the heaviest demands on the Central Bank in terms of staff resources assigned to authorising, regulating and supervising the very large number of firms and funds involved in the business of exporting financial services.
Adaptation of the national system to comply with the requirements of the euro absorbed much of the Bank’s work in the 1990s and into the new millennium, while a new emphasis on consumer protection responded to acknowledged weaknesses in that area. Our currency centre rose to the challenge of printing a share of the new euro notes, with ever improving security features.