FSI calls for more transparency

Dublin: Financial Services Ireland (FSI), the IBEC-backed lobby group for financial services companies, has called for greater transparency on the costs of IFSRA, the financial services regulator.

FSI director Aileen O’Donoghue said the recently-published consultation paper on funding IFSRA was a well-thought out document but that FSI had a number of concerns.

“IFSRA must deliver value for money. The industry will have higher expectations regarding the service and expertise of the financial regulator now that it is paying 50% of the cost of the structure,” said Ms O’Donoghue.