Hildegarde Naughton
Question:107. Deputy Hildegarde Naughton asked the Minister for Finance the number of regulated financial services providers; and if he will make a statement on the matter. [7924/18]
View answerThursday, 15 February 2018
Questions (107)
Written answers
The Central Bank of Ireland regulates more than 10,000 firms providing financial services in Ireland and overseas (according to its most recent Annual Performance Report 2016-2017 published in April 2017, the Central Bank regulates 10,042 firms).
The types of firms regulated include Brokers/Retail Intermediaries, Bureaux de Change, Credit Institutions, Credit Servicing Firms, Credit Unions, Debt Management Firms, Electronic Money Institutions, Funds, Funds Service Providers, Insurance & Reinsurance, Investment Firms, Moneylenders, Money Transmission Businesses, Payment Institutions, Retail Credit & Home Reversion Firms, and Securities Markets.
The Central Bank’s objective is to ensure financial stability, consumer protection and market integrity. To do this, it has a range of regulatory powers in the areas of authorisation, supervision and enforcement. Regulation is undertaken through risk-based supervision, underpinned by a credible threat of enforcement with the objective of ensuring financial stability, consumer protection and market integrity.
The Central Bank of Ireland's Registers contains individual registers for all financial service providers and collective investment schemes regulated by the Central Bank of Ireland. Please see website: http://registers.centralbank.ie/.