IFIA: Change is coming, Central Bank of Ireland says


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 in the first