‘Consumer is at the heart of regulation’

TÁNAISTE Mary Harney said protection of consumers’ rights was the main driving force behind the setting up of the Irish Financial Services Regulatory Authority.

Launching IFSRA at the neutral venue of the Mansion House in Dublin to stress its independence, the Tánaiste said protection of the consumer would be the fundamental role of the new Financial Services Regulator.

“The consumer is at the heart of financial regulation for the first time, in law, in organisation, in resources,” she said.