Central Bank Governor Philip Lane has commented on the risks facing the investment industry in an international context during a speech to the International Capital Market Association Conference. Governor Lane said that as Irish-resident collective investment vehicles are largely invested in offshore assets and are owned by mostly foreign investors, stress arising elsewhere can affect Irish-resident investment vehicles.  Governor Lane said it was the Central Bank's role to “work with international peers in the oversight and supervision of non-bank financial intermediaries” in this context. The Governor pointed to the Central Bank’s successes in regulating investment funds by collecting detailed data on collective investment vehicles, prioritising initiatives that make data collection more efficient and effective and developing methods to analyse the risks of investment funds under stressed scenarios in order to inform supervisory priorities.