Taken together, these institutional investors held more than $ trillion of domestic and foreign shares and bonds at the end of 1995, corresponding to around 35 per cent of the stocks of such instruments issued by the leading industrial countries. These intermediaries’ investments in shares and bonds issued outside their home countries exceeded $ trillion.
Co-operation between the Central Bank and Financial Regulator on financial stability issues I will now briefly describe the institutional arrangements governing financial stability in Ireland. The Central Bank and Financial Services Authority of Ireland is the institution charged with contributing to financial stability in Ireland under both domestic and EU legislation.