Irish central bank welcomes ‘culture board’ in bid to enforce change
Board must push changes called for by central bank reports, says CBI’s financial conduct head
A senior Central Bank of Ireland official has welcomed a “culture board”, which was launched on April 15 with the aim of changing the way the country’s banks govern themselves and do business.
The new body will seek to push the country’s commercial banks to change their internal business cultures in line with recommendations made in a series of recent central bank reports. It will be financed by the Irish financial industry.
Derville Rowland, the central bank’s director-general of financial
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