The mission of the Central Bank of Ireland is to Safeguard Stability, Protect Consumers. Our vision is a trusted financial system supporting the wider economy where firms and individuals adhere to a culture of fairness and high standards. This vision is backed up by comprehensive legislation, assertive and risk-based supervision, a credible threat of enforcement and powers of redress when consumers have suffered detriment.
In tandem with regulators globally, the Central Bank's immediate focus in the wake of the financial crisis was on strengthening the solvency and stability of the banking sector and enhancing protections for consumers. The focus then widened to consider cultural issues, in recognition of the extent to which culture within firms contributed to the crisis.
Global initiatives included strengthening both the prudential framework - including requirements around solvency, quality of capital, loss absorption capacity, liquidity - and the recovery and resolution regimes. At E
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