“I think more needs to be done by everybody, actually, by the banks who are leaving; by the banks who are receiving [new customers]; by the CCPC itself – which I think has an important role to play in communicating messages – and by the BPFI, which is playing a bit of a galvanising role in getting all this going.”
“The answer is to actually get everybody to be working towards the transition. But certainly, at the end of the day, account holders are not going to be left stranded.” He told the conference - which will feature addresses from French central bank governor François Villeroy de Galhau and European financial stability commissioner Mairead McGuinness, among others - that more regulation of the nonbank finance sector may be required to protect the broader Irish financial system from shocks.
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