Insurance Regulation & Accounting
Will Irish eyes be smiling on new regulator?
I
reland is the latest financial centre to consolidate its regulators into one. In keeping with the international pace of change,
says
James Grennan
of A&L Goodbody, Ireland hopes the new system will minimise the systemic risk of failure in any one of the financial service
sectors. But one of the biggest changes, and challenges, will be the regulator’s dual role as prudential supervisor and consumer
protector.