Mary-Elizabeth McMunn: Opportunities and responsibilities - international financial services in fragmenting times
Speech by Ms Mary-Elizabeth McMunn, Deputy Governor of the Central Bank of Ireland, at Financial Services Ireland (FSI), Dublin, 11 June 2026.
Introduction
Good morning, I am delighted to be here and many thanks to Patricia at FSI for the invitation.
You have a busy agenda today, discussing some of the key issues currently facing the financial sector and financial regulators.
As the title of this conference suggests, we are living through a time of fragmentation; and, as I said earlier this week, this is coming alongside a period of rapid technological transformation.
While they say that there is nothing permanent except change I think it is fair to say that the scale and pace of change underway is potentially unprecedented – and comes on top of an already complex and interconnected risk landscape.
Managing, navigating and responding to this is the clear and present challenge which we are all facing.
It presents both risks and opportunities for global financial services firms, and for global financial centres, and it is against this backdrop I would like to set out some perspectives this morning.