home
login
contact
about
Finance Dublin
Finance Jobs
 
Thursday, 28th March 2024
    Home             Archive             Publications             Our Services             Finance Jobs             Events             Surveys & Awards             
Minister warns institutions to be aware of regulatory risk Back  
The Minister for Finance, Charlie McCreevy, has warned financial institutions of the risks posed by changes in financial regulation. Speaking at the annual dinner of the Institute of Bankers, Mr McCreevy said while changes aimed at ensuring an integrated financial services market were welcome, they also posed challenges ‘for both regulators and the regulated’.

He said the ‘vast bulk of financial services regulations originate in Brussels and are aimed primarily at ensuring an integrated financial services market in the Union.’ These are set to bring benefits such as ‘higher GDP growth and increased employment’ but also an ‘increase in the pace at which financial regulation changes and adapts.’

Governments and regulators would naturally have to keep abreast of the change, but the Minister also called on institutions to be aware of all the risks involved.

Digg.com Del.icio.us Stumbleupon.com Reddit.com Yahoo.com

Home | About Us | Privacy Statement | Contact
©2024 Fintel Publications Ltd. All rights reserved.