Financial Regulator to set new rules for bank directors; More mortgage rate hikes likely; Rapid wind-up of Anglo “prohibitively expensive”
Apr 14th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Financial Regulator Matthew Elderfield told Joint Committee on Economic Regulatory Affairs today that new exacting standards for directors of banks and insurers will be proposed. He also said more mortgage rate hikes are likely and a rapid wind-up of Anglo Irish Bank would be "prohibitively expensive."