Regulation changes ‘must restore confidence’

THE proposed changes in financial regulation must send a clear signal to international markets that “Ireland is serious about repairing its regulatory system”.

Any changes must be fully discussed in a “transparent debate”, said the chairman of the Financial Services Consultative Industry Panel, David Went.

It will take much more than just changing the structure if the new system is to do its job effectively, said Mr Went, a former chief executive of Ulster Bank.