This paper examines current issues and recent changes in financial regulation in Ireland. One of the main changes relates to the regulation of Irish financial markets by the central bank. Other bodies will also be, involved in different aspects of regulation. One of the main issues confronting the regulation of markets and financial institutions is cooperation from other jurisdictions. This issue has not been addressed to date. A second issue arises from the fragmentary nature of proposed regulation, with an overreliance on reporting of breaches of rules rather than active investigation.
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