Do ECB Opinions on Draft National Legislation Comply with EU Law?

This article examines the context and nature of European Central Bank (ECB) Opinions on proposed national legislation in EU Member States generally, but particularly in Ireland. While measures to regulate corporate mortgage lenders and vulture funds are often presented in Ireland, as being detrimental to financial stability the ECB approach is, in fact, much more nuanced, and does permit significant national legislative intervention in this area. There are noticeable deficiencies in the ECB approach, and few signs that the ECB is respecting EU human rights in this role.