Conor O'CleryApril 21, 2010 06:23Updated May 30, 2010 13:30
DUBLIN, Ireland — In the middle of its worst-ever financial crisis, Ireland has found an unlikely new hero, who has secured that status partly by facing down one of the country’s most popular business tycoons.
The latest national icon is Matthew Elderfield, an Englishman recruited last year from Bermuda, where he was financial watchdog, to become Ireland’s Financial Regulator. His mission could be defined as ending Ireland’s crony capitalism — otherwise known as “light-touch” regulation.
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