In opening remarks at the 10th Annual Macroprudential Conference, Central Bank of Ireland Governor Gabriel Makhlouf said the bank is publishing proposals to enhance how it evaluates its policymaking toolkit. The stated aim is to support robust, evidence-based decisions and to ensure policy interventions are proportionate, transparent, predictable, connected, forward-looking and agile, while taking proper account of their effects on the wider financial system. The speech framed that work as part of a broader need for macroprudential policy to adapt to a financial system in which risks can emerge in new places and move more quickly across institutions, markets and borders. Makhlouf pointed to increasingly blurred boundaries between banks and non-banks, the role of cross-border payments infrastructure, and the growing relevance of digital finance, stablecoins and cryptocurrencies. He said effective policy therefore depends on strong data, sound models, supervision, policy evaluation and research, including analysis of how risks are transmitted and amplified across the system. Makhlouf said the proposals are underpinned by research, analysis, engagement and consultation, and he invited feedback from stakeholders.
Central Bank of Ireland2026-06-22
Central Bank of Ireland publishes proposals to strengthen evaluation of its policymaking toolkit
In a speech at the 10th Annual Macroprudential Conference, the Central Bank of Ireland said it is publishing proposals to improve evaluation of its policymaking toolkit. The bank said the changes are intended to support evidence-based, proportionate and transparent interventions that also consider effects on the wider financial system. The speech linked the move to a financial system where risks increasingly shift across banks, non-banks, borders and digital channels.