Central Bank warns that regulatory landscape is set to change across EU

The regulatory landscape is set to change across the EU on the back of developments to create a single European banking supervisor, the deputy governor of the Central Bank Matthew Elderfield told a conference in Dublin yesterday.

He urged the Irish funds industry to contribute to this process by “offering constructive ideas to address the changing regulatory priorities of the post financial crisis world and by maintaining high standards of practice in the Irish market that ensure a continued reputation for high standards of investor protection”.

It is vitally important that Ireland gets the right regulatory framework in place so that investor protection is ensured, which will ultimately improve the reputation of Ireland as an international financial services centre and the success of the funds industry in this country, he added.