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

28 Pages Posted: 2 Feb 2021

See all articles by Rishi Ahuja

Rishi Ahuja

Trinity College (Dublin)

Sean Barrett

Trinity College (Dublin)

Shaen Corbet

Dublin City University ; University of Waikato - Management School

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 1, 2021

Abstract

The Irish financial crisis through the period between 2008 and 2012 caused unprecedented damage to the national economy while generating substantial inequality and demographic issues through the austerity measures that followed. While large amounts of taxation has gone towards understanding the events leading up to the crisis, there has not been a concentrated effort to consolidate the lessons learned within the Irish context. This paper seeks to fill that gap, providing an overview of the key lessons learned from the Irish experience of the European financial crisis. First, we interrogate the domestic response and evaluate the immediate government intervention and longer term investigation process through the national Banking Inquiry commissioned by the Irish government. Second, we focus on the broader domestic policy lessons learned from the crisis. Lastly, we briefly evaluate some of key changes in European 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.

Suggested Citation

Ahuja, Rishi and Barrett, Sean and Corbet, Shaen and Larkin, Charles James, A Way Forward: The Future of Irish and European Union Financial Regulation (January 1, 2021). Available at SSRN: https://ssrn.com/abstract=3758493 or http://dx.doi.org/10.2139/ssrn.3758493

Rishi Ahuja

Trinity College (Dublin) ( email )

2-3 College Green
Dublin, Leinster D2
Ireland

Sean Barrett

Trinity College (Dublin)

Dublin
Ireland

Shaen Corbet (Contact Author)

Dublin City University ( email )

Dublin 9
Ireland

University of Waikato - Management School ( email )

Hamilton
New Zealand

Charles James Larkin

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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