Sign up to The Irish Times Archive (1859 - 2008)My Account »
Mon 04 Apr 2010Bankers were helping draft regulations as crisis hit
THE BANKING and financial sectors played a central role in an expert group that was preparing light-touch financial regulation laws for the Government when the banking crisis hit in late 2008.
The Advisory Forum on Financial Legislation was set up by Taoiseach Brian Cowen when he was minister for finance and held seven meetings between the autumn of 2007 and November 2008. It was quietly disbanded during 2009 at a time when light-touch, or principles-based, regulation was being increasingly blamed for contributing to Ireland’s regulatory failures.
Choose a Subscription type - required
