Financial Regulator

Financial Regulator

The Financial Regulator ( _ga. Rialtóir Airgeadis), officially known as the Irish Financial Services Regulatory Authority is the single regulator of all financial institutions in the Republic of Ireland and is a is a "constituent part" of Central Bank and Financial Services Authority of Ireland [Central Bank and Financial Services Authority of Ireland Act 2003, Section 26"] .

The chief executive officer is Patrick Neary.

The regulator was established on the 1 May 2003 by the [http://www.irishstatutebook.ie/2003/en/act/pub/0012/print.html Central Bank and Financial Services Authority of Ireland Act 2003] . The regulator is a distinct element of the Central Bank and Financial Services Authority of Ireland with clearly defined regulatory responsibilities which cover all Irish financial institutions, including those previously regulated by the Central Bank of Ireland, Department of Enterprise, Trade and Employment (DETE), Office of the Director of Consumer Affairs (ODCA) and the Registrar of Friendly Societies. The regulator has a strong role in consumer protection.

Name

In 2005, the regulator began referring to itself as the Financial Regulator rather than its full legal title, and encourage banks to include "regulated by the Financial Regulator" in advertisements, rather than the previous, and much parodied, "regulated by the Irish Financial Services Regulatory Authority". The legal title of the regulator has not changed.

References

External links

* [http://www.financialregulator.ie/ Official website]
* [http://www.itsyourmoney.ie/ Consumer Information Website]


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