Eddie Hobbs: Central Bank crackdown on broker inducements welcome but more needs to be done

Brokers selling mortgages, insurance, or market investments in Ireland will be banned from accepting free sporting and social tickets from financial firms under a crackdown by the Central Bank it emerged over night. Eddie Hobbs suggests this is a big step in the right direction but more needs to be done.

IN January 2018 the implementation of MIFID II, a new EU tome on new financial regulation for investment products, brought a draw bridge down on undisclosed inducements for investment products.