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Title: Address to Financial Services Ireland Annual Conference 2010 by Matthew Elderfield, Head of Financial Regulation : 04/21/2010

Good Morning. I would like to start by thanking Brendan Kelly and the team at Financial Services Ireland for the opportunity to speak at today’s event. FSI plays an important role in representing the financial services sector in Ireland and is an important stakeholder body to the Central Bank and Financial Regulator. I view FSI as one of the key industry relationships in my new role and am pleased to be able to support this event.

What I would like to do is spend the bulk of my time this morning by talking about two important topics.

First, I would like to explain the recent work that the Central Bank and Financial Regulator has conducted – in conjunction with the Government and NAMA – to put the Irish banking sector on sounder footing and to help draw a line under the financial crisis in Ireland. We have passed a key milestone in this process and I think it’s important that the international business community receives a full briefing on the significant progress that has been achieved in recent weeks...

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