The European Union will affect more parts of financial services
regulation across its member states and there will be less
national discretion, according to Matthew Elderfield from the
Central Bank of Ireland.
Elderfield, deputy governor of the Irish regulator, told the
audience at the Irish Funds Industry Association annual global
funds industry conference earlier this week that this means
that engagement in Europe is more important than ever.
He said: "The need for engagement is immediate and pressing -
and in the short term Ireland will have a central role to play
as Presidency of the EU...