Bill set to give Central Bank 'significant new powers'

More than 130 representatives from Ireland’s financial services sector attended a breakfast briefing today to discuss the next week’s second reading of the Central Bank (Supervision & Enforcement) Bill 2011.

Delivered this morning, the briefing emphasised both the bolstering and extension of existing powers of the Central Bank of Ireland (CBI), the doubling of fines for those found in breach of the law and the impact of the new ‘whistle-blower’ protections.