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The '''Irish Financial Services Regulatory Authority''' ('''IFSRA''') also known as the ''Financial Regulator'' is the single ] of all financial institutions in the ]. | |||
⚫ | The regulator was established on the 1st of ] by the . The regulator is a distinct element of the ] with clearly defined regulatory responsibilities which cover all Irish financial institutions, including those previously regulated by the Central Bank of Ireland, ] (DETE), ] (ODCA) and the ]. The regulator has a strong role in consumer protection. | ||
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In ], the regulator began referring to itself as the '''Financial Regulator''' rather than its full legal title, and encourage banks to include "regulated by the Financial Regulator" in advertisements, rather than the previous, and much parodied, "regulated by the Irish Financial Services Regulatory Authority". The legal title of the regulator has not changed. | |||
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Revision as of 20:20, 1 July 2006
The Irish Financial Services Regulatory Authority (IFSRA) also known as the Financial Regulator is the single regulator of all financial institutions in the Republic of Ireland.
The regulator was established on the 1st of May 2003 by the Central Bank and Financial Services Authority of Ireland Act 2003. The regulator is a distinct element of the Central Bank and Financial Services Authority of Ireland with clearly defined regulatory responsibilities which cover all Irish financial institutions, including those previously regulated by the Central Bank of Ireland, Department of Enterprise, Trade and Employment (DETE), Office of the Director of Consumer Affairs (ODCA) and the Registrar of Friendly Societies. The regulator has a strong role in consumer protection.
In 2005, the regulator began referring to itself as the Financial Regulator rather than its full legal title, and encourage banks to include "regulated by the Financial Regulator" in advertisements, rather than the previous, and much parodied, "regulated by the Irish Financial Services Regulatory Authority". The legal title of the regulator has not changed.