Submissions by topics "Should the Central Bank of Ireland have product intervention powers to direct that products which are contrary to consumer interests are withdrawn?"
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CUMA wishes to highlight the need for attention as the Central Bank of Ireland updates its regulatory approach to ensure strong consumer protection. Regulators should have the power to quickly...
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Yes. We would view the provisions of the CUA as giving the Central Bank product intervention powers specifically Section 87 of the CUA in certain circumstances. The pace of new innovation and the...
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This certainly merits consideration as the CBI is currently transforming their approach to regulation and supervision to ensure consumers of financial services are protected in all respects in this...
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No. We believe that the existing powers of the Central Bank are sufficient where product intervention is required.
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If the power to have product intervention powers are given to the Central Bank of Ireland, we would ask that if a product is been withdrawn, a risk assessment should be carried out prior to any...
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