Financial Regulation (LC 2027) (Leaving Cert Business): Flashcards

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Financial Regulation
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Financial regulation purpose

Rules & oversight for safe, fair financial services

Primary financial regulator in Ireland

Central Bank of Ireland

EBA full form

European Banking Authority

ESMA role

Regulates EU securities markets

EIOPA supervises

Insurance companies & pension funds

3 types of financial risk

Market risk, credit risk, liquidity risk

Phishing definition

Fake emails/texts/calls to steal personal info

SAFE test stands for

Stop, Assess, Fact-check, Expose

Cryptocurrency features

Uses cryptography, decentralised, secures transactions

CBDC meaning

Central Bank Digital Currency - govt-backed digital money

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