Forum on financial services ‘necessary’

A SPECIAL forum on the Irish financial services industry is necessary to ensure best practice and protect consumers, according to a leading academic.

Professor Ray Kinsella of the Institute of European Finance said current criticism of Irish banks should not be overstated and that it was important to restore public confidence in the Irish banking system.

Speaking on RTÉ radio yesterday, Professor Kinsella called for a financial services forum that would consist of key stakeholders in the industry. The body would be non-political in nature and would examine developments in financial services in continental Europe.