'Major Mistake' Not To Finish Financial Regulatory Merger

Thu, Jul 21st 2011, 11:00 PM

The Government was yesterday urged to publicly commit to, and give a timeline for, completing financial services regulatory reform, a leading attorney warning it would be "a major mistake" not to complete the process.

Brian Moree, senior partner at McKinney, Bancroft & Hughes, told Tribune Business he feared that the relative success enjoyed in physically consolidating the Securities Commission, Compliance Commission and Insurance Commission into one building could encourage the Government to not proceed with the final step.

This would involve either merging the three into either one 'super regulator', together with the Central B ...

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