It might be argued that the cause of the problem was investors' and financial institutions' lax risk management. This observation seems to me accurate, but it would not be true to say there were no warning signs about the accumulation of risks.
Addressing the challenges we face – the work of the Central Bank For the Central Bank of Ireland, our mandate allows us to take a comprehensive view across sectors and tackle challenges across the entire, inter-connected, system, including as an integral part of the European Union and its institutions and frameworks.