Honohan says “ignorance and inattention” were at the heart of regulatory failure; IFSC group warns income tax hikes will cause job losses
Dec 2nd, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Governor of the Irish Central Bank, Patrick Honohan, has said he is determined "that there will be a renewed emphasis on enforcement, even at the risk of the regulator incurring legal costs in unsuccessful actions." He said “ignorance and inattention” were at the heart of regulatory failure. Meanwhile, the group that represents firms at the IFSC - - Dublin's International Financial Services Centre - - warned that income tax hikes in next week's Budget will cause job losses.