C&AG report highlights “shortcomings” in Irish Financial Regulator which contributed to banking crash
Mar 22nd, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Minister for Finance today welcomed the report of the Comptroller and Auditor General (C&AG) on the role of the Irish Financial Regulator in responding to the financial market crisis which is being laid before the Oireachtas on Monday 22 March 2010. Shortcomings in regulations were identified but given the scale of the banking crash, it's a polite form of words for monumental negligence and incompetence.