Woodford closure may mean tougher fund rules needed - Irish central bank
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LONDON (Reuters) - The closure of a British fund run by once-star money manager Neil Woodford may mean that stricter rules are needed to bolster the ability of funds to repay investors in times of stress, Ireland's central bank said on Thursday.Ireland's funds sector is closely tied to Britain, with 200 UK-based asset managers running Irish domiciled funds holding about 750 billion euros (£642 billion) in assets. The ties are deepening as Ireland processes around 100 applications from UK-based..