Tougher supervision for Ireland's banks
Updated at 12:57 pm on 22 June 2010
Ireland has announced sweeping changes to enforce stricter supervision of its banks.
The Irish government has courted controversy by pumping billions of euros into the country's banks, which ran into trouble when a boom in the housing market turned to a bust.
The changes will involve the Irish Central Bank acting as the country's only financial watchdog, with tighter regulations aimed at spotting problems early, the BBC reports.
It will also form a panel of independent experts to assess the risks that banks' take, and scrutinise the experience of board directors.
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