Irish Independent 19/06/2007
THE final report into Equitable Life conducted by the European Parliament is expected to call on the British government to compensate policyholders in Ireland for losses incurred.
The report, which is to be presented to the Euro Parliament today, is sharply critical of the Irish and German regulators for "an unjustifiably passive approach on Equitable Life".
Irish Independent 18/06/2007
The Financial Regulator has come in for strong criticsm over “slowness and excessive caution” in a report from a consultative committee set up to monitor its performance.
Also, in the Sunday Independent Business supplement 17/06/2007 (can’t find link) there was more criticism from another body regarding the Regulators costs and the lack of transparency of those costs. I think, that when asked about the costs their only reply was that ‘the budget was approved by the Department of Finance’.