Helen McCormack

Nov 8, 2023 | jdsupra.com | Mark Dillon |Helen McCormack |Doireann O'Daly

Key Takeaways The Central Bank (Individual Accountability Framework) Act 2023 was signed into law on 9 March 2023 (the “Act”). The Act amends several pieces of legislation relating to the Central Bank of Ireland’s (“Central Bank”) administrative sanctions procedure (“ASP”).

Jun 2, 2023 | jdsupra.com | Doireann O'Daly |Emmet Quish |Helen McCormack

Introduction - The Central Bank (Individual Accountability Framework) Act 2023 (the “Act”) was signed into law on 9 March 2023. The Act amends several existing pieces of legislation2 and is amongst the most significant pieces of legislation impacting the powers of the Central Bank of Ireland (“Central Bank”) in recent years. The key objectives of the Act are to improve the management of risk in regulated financial service providers and outcomes for consumers.