The OECD has published: Financial Consumer Protection in Ireland: A Review of the Central Bank of Ireland’s Supervisory Functions.
“Effective financial consumer protection helps ensuring that individuals can participate in the financial system with safeguards against unfair practices, frauds and exploitation. Financial consumer protection is essential to prevent over indebtedness, ensure transparency in financial products and empower consumers to make informed decisions.
This report presents the findings of the review of the financial consumer protection supervisory functions of the Central Bank of Ireland (Central Bank). The review assesses the alignment of these functions with the G20/OECD High-Level Principles on Financial Consumer Protection (FCP Principles), the international standard for financial consumer protection. The review also identifies areas for improvement and sets out a series of recommendations.”
The full report is available to download here.