newirishman
Registered User
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- 1,133
The Central Bank has delayed approving Frank as long as they possibly could. They have probably run out of excuses for not authorising them.
Brendan
Do you have any proof of this, that they are deliberately delaying things? (Maybe worth a new thread)
No proof. But they have been sitting on it for some months and there is absolutely nothing involved in it. It's not a banking license. If they were serious about encouraging competition, they could have approved it within days of receiving it.
Brendan
But Brendan, how do you know they have been sitting on the application for months?
For all we know, the Central Bank may have unresolved concerns about the fitness and probity of the applicant's principals or it's policies for complying with the Bank's Codes. Who knows?
I don't think it's fair to input an improper motive to anybody without a firm basis in fact.
In my experience, the Central Bank can be an infuriatingly bureaucratic organisation.
I do find it strange though that Frank would not be shouting if they were sitting waiting for something to happen
They are not in a position to publicly comment on the Central Bank.
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