Edward Timmins (Wicklow, Fine Gael)
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The phrase "shutting the stable door after the horse has bolted" has been used to describe what happened post our crash in 2009. Does the Central Bank review all the rules and regulations concerning banking and mortgage applications? I ask because I have received feedback that these applications involved a lot of bureaucracy and red tape, which does not reduce the risk nor help the banking sector. Is there scope for reducing the amount of red tape? Does the Central Bank annually review all of its regulations?