Finance officials backed off plan for Central Bank to have competition role

The wide-ranging, year-long review of the banking sector was led by John Palmer, a principal officer at the Department.

However, there was little appetite for this among Central Bank officials, who would have seen this as something of a backward step. Still, the final review report called on the central bank to “assess how existing domestic regulation impacts competition within domestic financial markets” when completing its annual performance statement.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Department of Finance took €750m in exchequer funds without approvalComptroller & Auditor General expresses ‘serious concern’ at breach by department and Central Bank What's 3/4s of a billion of tax payers money between friends?
Source: IrishTimes - 🏆 3. / 98 Read more »

Finance officials wavered over lifting BoI pay cap before final callDrafts of banking report also urged shelving bank levy over five years, but this was removed from final version And accepting jobs there in the future. Maybe.
Source: IrishTimes - 🏆 3. / 98 Read more »