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Thu 04 Apr 2010Regulator denies move against Quinn was overly harsh
THE NEW Financial Regulator, Matthew Elderfield, has said he was not being “heavy-handed” in his action against Quinn Insurance, and would change his approach if the firm came up with more money to protect policyholders.
In his first appearance before an Oireachtas committee since his appointment in January, Mr Elderfield outlined plans for a more invasive and hands-on approach to regulating the banks.
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