BRIAN LENIHAN was in Washington on the 8th of Oct 2010 adderssing the IMF, makes for an interesting read,
Read this paragraph,
In relation to the situation in Ireland, the Irish Government has moved to address the
regulatory failures that were central to the financial crisis: regulatory structures have been
streamlined and strengthened, with the Irish Central Bank assuming responsibility for
financial regulation; regulatory powers and functions are being enhanced; and the Central
Bank is increasing its staffing resources and enhancing its expertise to pursue a more
intrusive supervisory approach backed by credible enforcement.