In an interview outlining his vision for the new regulator published in this month’s edition of Finance Dublin, Dr. Liam O’Reilly, the newly appointed chief executive of the Irish Financial Services Regulatory Authority (IFSRA), has said that his approach to regulating the industry will be as open and flexible as before. O’Reilly, who has been assistant director general of the Central Bank of Ireland since 1998, with responsibility for all of the Central Bank’s financial supervision functions, says that the new regulator will adopt a principles based approach ‘rather than being dragged down by rules and regulations’.
O’Reilly will further this theme at the fourth annual Finance Dublin Conference to be held on March 25th and 26th in the Burlington Hotel, Dublin, at which he will give a keynote address. A member of the ECB Banking Supervision Committee, O’Reilly holds a M.Sc. in Economics and Statistics and a Ph.D. in Econometrics from Trinity College Dublin. The Irish Financial Services Regulatory Authority is due to be formally established in early 2003, following the enactment of legislation. |
