The Government's bank bailout plan was given the green light by the Dáil last night, despite the massive cost to the taxpayer.

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

THE regulatory framework for Irish-based financial services firms is to be completely overhauled in the coming months, with the current “one size fits all” model being replaced with a “more rigorous” case by case approach.

Matthew Elderfield has been appointed as head of financial supervision in the new Central Bank of Ireland, it was announced today.