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Article: THE Financial Regulator has been severely criticised in an unpublished report it commissioned itself on how it operates.
- Article from:
- Irish Independent (Dublin, Republic of Ireland)
- Article date:
- October 7, 2009
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Watchdog blasted in its own confidential report
Financial regulator 'poor value for money and has too few specialist staff'
Charlie Weston Personal Finance Editor
THE Financial Regulator has been severely criticised in an unpublished report it commissioned itself on how it operates.
Almost a year after the near-collapse of the Irish banking system, the report is a damning indictment of how the regulator works.
The study -- seen by the Irish Independent -- says the regulator offers poor value for money.
The unpublished report has found that it has a low level of specialist regulatory staff compared with its peers.