The CBI has welcomed the results of the IMF's first review of Ireland's financial sector following the financial crisis. The IMF have concluded that the CBI has been "effective and vigorous in strengthening prudential regulation and supervision" since the financial crisis. The CBI has commented on the financial vulnerabilities pointed out by the IMF – which include the negative effects of the UK vote on the Irish financial system and highly indebted Irish households - and has stated that it will consider any recommendations made. The IMF also encouraged the CBI to continue the innovation, monitoring and collaboration with other agencies which is a current feature of the Irish funds industry.