Central Bank of Ireland sets out funds agenda

Author: | Published: 15 Aug 2013
  • Ireland last month became the first country in Europe to put forward a regulatory framework for loan origination by alternative investment funds;
  • The Central Bank of Ireland’s market policy head, Martin Maloney, expects other governments might follow;
  • But market participants have warned that risks and associated mitigants must not be over-generalised;
  • The Central Bank is accepting responses on its proposals until September 13. A more formal consultation paper is then expected to follow.

Ireland last month became the first in Europe to put forward a regulatory framework for loan origination by alternative investment funds. The Central Bank of Ireland’s market policy head, Martin Maloney, told IFLR he expected other governments to follow.

In its July 2013 discussion paper, Ireland’s Central Bank detailed the issues and regulatory risks that might arise if it were to lift its ban on direct lending from non-UCITS [Undertakings for Collective Investment in Transferable...


 

 

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