We have developed the draft Regulations and the draft IAF Guidance within the spirit and constraints of the legislation. In doing so, we have been guided both by our Strategy and by our regulatory philosophy.
These set out our overall approach to regulation, which we believe must be forward looking, connected, proportionate, predictable, transparent and agile.
We aim for a financial system which has the trust and confidence of those whom it serves. We are focused on creating the regulatory context in which customers' needs and those of the economy are served by effective competition amongst firms, and the potential benefits of innovation for society can be realised, while the risks are effectively managed.
Such a financial system will not only be positioned to support the interests of consumers and needs of the economy in Ireland, but also to continue to fulfil its potential in the European and wider international context.
The Central Bank Strategy
Our four strategic themes are (i) saf
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