Central Bank of Ireland

The Central Bank of Ireland was established in 1943. It was re-structured and re-named as the Central Bank and Financial Services Authority of Ireland (CBFSAI) on 1 May 2003. This body carries out all of the activities formerly carried out by the Central Bank of Ireland and additional regulatory and consumer protection functions for the financial services sector. The CBFSAI has two component entities:

• the Central Bank, which has responsibility for monetary policy functions, financial stability, economic analysis, currency and payment systems, investment of foreign and domestic assets and the provision of central services.
• the Irish Financial Services Regulatory Authority (Financial Regulator), which is an autonomous entity within the CBFSAI and has responsibility for financial sector regulation and consumer protection.

Back