Ed Sibley: Building financial resilience

Address by Mr Ed Sibley, Deputy Governor (Prudential Regulation) of the Central Bank of Ireland, at the MABS (Money Advice and Budgeting Service) National Conference, Dublin, 5 November 2019.

Central bank speech  | 
05 November 2019
PDF full text
 (176kb)
 |  12 pages

Introduction

Good morning ladies and gentlemen.

I am delighted to be here today at the MABS (Money Advice and Budgeting Service) National Conference. I am grateful for the opportunity to talk to you all, listen to other speakers, and discuss the issues that matter most to attendees.

MABS plays a vital role in providing help and advice to people faced with problem debt, working on the practical challenges faced by people who are struggling financially - helping them to rebuild their financial resilience. As well as providing practical help, MABS also gains deep insights into the workings of the financial system in Ireland.

While MABS and the Central Bank of Ireland's responsibilities are different, our underlying commitment to public service and missions of serving the Irish public good are comparable. Both organisations are also focused on financial resilience and the protection of consumers.

Today, I am going to discuss the Central Bank's role in building financial resilience and how this protects consumers, covering at high level: