A Way Forward: The Future of Irish and European Union Financial Regulation

77 Pages Posted: 27 Jan 2016

See all articles by Rishi Ahuja

Rishi Ahuja

Trinity College (Dublin)

Sean Barrett

Trinity College (Dublin) - Department of Economics

Charles James Larkin

Institute for Policy Research (IPR), University of Bath; Trinity College Dublin

Multiple version iconThere are 2 versions of this paper

Date Written: January 27, 2016

Abstract

The Irish financial crisis caused unprecedented damage to the national economy. While large amounts of tax-dollars have gone towards understanding the events leading up to the crisis, there has not been a concentrated effort to consolidate the lessons learned for both Ireland and the European Union (EU) as a whole. This paper seeks to fill that gap, providing an overview of the key lessons learned from the financial crisis. First, we interrogate the domestic response and evaluate the immediate government intervention and longer-term investigation process through the Banking Inquiry. Second, we focus on the broader domestic policy lessons learned from the crisis. Lastly, we evaluate key changes in E.U. policy that will in turn shape the future of Irish regulatory policy. We find several areas where further reform is necessary, helping chart a path forward for future legislation in the financial regulatory space.

Keywords: Banking, Parliament, Ireland, Eurozone Crisis, ECB, Burdensharing

JEL Classification: E58, H81, G21, G18, G28, G38

Suggested Citation

Ahuja, Rishi and Barrett, Sean and Larkin, Charles James, A Way Forward: The Future of Irish and European Union Financial Regulation (January 27, 2016). Available at SSRN: https://ssrn.com/abstract=2723142 or http://dx.doi.org/10.2139/ssrn.2723142

Rishi Ahuja

Trinity College (Dublin) ( email )

2-3 College Green
Dublin, Leinster D2
Ireland

Sean Barrett

Trinity College (Dublin) - Department of Economics ( email )

Dublin 2
Ireland

Charles James Larkin (Contact Author)

Institute for Policy Research (IPR), University of Bath ( email )

10 West
Claverton Down
Bath, BA2 7AY
United Kingdom

Trinity College Dublin ( email )

AAP College Green
Dublin 2
Ireland

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