Irish regulator warns of post-crisis surpervisory scepticism
The Financial Regulator, Matthew Elderfield, has warned Irish insurers that he will be more interventionist, rather than wait for a market failure to manifest itself and then cautiously weigh up the costs and benefits of a response.
He also outlined the view that front-line supervisors should be more challenging and sceptical, and that the compensation scheme for policyholders of failed insurers needed reviewing.
Speaking to the
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