Ireland presents new financial consumer protection model
“More intrusive” model needed to counteract firms’ failure to change culture, bank says
Ireland’s central bank today (March 29) presented a new model for assessing risks to consumers of financial products, criticising the way the Irish financial industry currently handles the area.
The Central Bank of Ireland (CBI) emphasised the need for a transformation of the internal “culture” of Irish financial services firms – a theme familiar from a number of speeches by its senior members. The CBI said the revamped model would establish a “new and more intrusive approach” to assessing
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