Irish regulators want independent checks on bank risk controls


DUBLIN -- The Central Bank of Ireland has asked banks in Ireland to arrange independent checking of their risk management and controls systems in light of the near $700 million currency market loss suffered by Allied Irish Banks (AIB), central bank governor John Hurley said in early April.


There should be particular emphasis on the management of the relationship between parent banks and foreign subsidiaries, Hurley told a finance conference in Dublin.

He said the Irish central bank was

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