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Rialtóir Airgeadais | |
Agency overview | |
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Formed | 1 May 2003 |
Dissolved | 1 October 2010 |
Superseding agency |
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Jurisdiction | Ireland |
Headquarters | Dublin |
Agency executives |
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Parent agency | Central Bank of Ireland |
Website | Web archive |
The Financial Regulator (Irish: Rialtóir Airgeadais), officially the Irish Financial Services Regulatory Authority, was the single regulator of all financial institutions in Ireland from May 2003 until October 2010 and was a "constituent part" of the Central Bank of Ireland.[1][2] It was re-unified with the Central Bank of Ireland on 1 October 2010 and its board structure was replaced by a new Central Bank of Ireland Commission.
Matthew Elderfield, formerly head of the Bermuda Monetary Authority, led the organisation from January 2010 until it was disestablished in November 2010.[3] The previous chief executive officer was Patrick Neary, who retired early over the handling of the regulator's investigation into the €87 million in secret directors' loans at Anglo Irish Bank.[4][5] The incumbent before that, had companies he is a director of, fined a total of €3.35 million by his previous employers the Financial Regulator, for risk control and reporting failures.[6][7][8]