Irish Authorities 'Seriously Misjudged' Risks, Report Shows
Bloomberg, April 19, 2011
April 18, 2011 at 08:00 PM
1 minute read
The original version of this story was published on Law.com
Irish regulatory authorities “seriously misjudged” risks from the country's property bubble and didn't have sufficient oversight of bank lending, a government-appointed investigator said.
“Risks went undetected or were at least seriously misjudged by the authorities whose actions and warnings were modest and insufficient,” Peter Nyberg, a former director general for financial markets at Finland's finance ministry, said in a report published today in Dublin.
Read the complete Bloomberg story, “Irish Authorities 'Seriously Misjudged' Risks, Report Shows.”
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