Time to be a little more positive about banks

THE new head of financial regulation Matthew Elderfield has outlined his plans for reforming the supervision of banks.

Elderfield, the former chief executive of the Bermuda Monetary Authority, took up his new position in January and made his first public speech to an accountants’ lunch in Dublin on Thursday.

Already reports are circulating that he has had ablazing row with some TDs and senators over their outside financial interests.