Irish Authorities 'Seriously Misjudged' Risks, Report Shows

Irish regulatory authorities "seriously misjudged" risks from the country's property bubble and didn't have sufficient oversight of bank lending, a government-appointed investigator said.

"Risks went undetected or were at least seriously misjudged by the authorities whose actions and warnings were modest and insufficient," Peter Nyberg, a former director general for financial markets at Finland's finance ministry, said in a report published today in Dublin.

Read the complete Bloomberg story, "Irish Authorities 'Seriously Misjudged' Risks, Report Shows."

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