Dublin the weakest link in regulating financial services?

Like the Not Indifferent Not Sceptical Ciarán, I’m not an expert in this particular area, but he knows someone who is.. and highlights this important story – The criticism of the regulation, or lack of it, of Ireland’s financial services market that has emerged as “A leading figure from Dublin’s financial services centre faces a jail sentence in the US for masterminding a global securities fraud network from Sydney to New York”. The Irish Times carried the same article on the case recently. As Ciarán points out, there is coverage out there in interested media places – Washington Post, White Collar Crime Prof Blog, the Insurance Journal and the Irish Times again.. And as Ciarán also points out, “it is not good news. And neither is it going to go away.”