Tuesday 24 September 2013

Central Bank Regulation?

I mentioned surprising radio adverts in my last post.

At the end of the KBC Bank advert (and all bank adverts) you can still hear those immortal works: "KBC Bank is regulated by the Central Bank of Ireland".

I blogged about this over a year ago but shame has still not forced the CBI to withdraw the requirement for this phrase to be included in radio advertising.

Maybe that's pretty much all that they do and they need to keep doing something.

Today, by coincidence, the CBI announced that it has completed a review of the Anglo Irish tapes and that it "was not obliged, nor did it intend, to make any further statutory reports to An Garda Síochána or the Office of the Director of Corporate Enforcement."

This news item implies that the tapes were reviewed by the CPI after they were released by the Irish Independent. You would imagine that they would aleady have listened to them. Or maybe not.

Perhaps the staff in the CBI found it hard to listen to the deregatory way they were referred to in the tapes. They were referred to as "buddies on Dame Street" and generally painted as being less than competent. Some would argue that there might be some truth in in both of these things.