On 28 July 2022, the Department of Finance published the Central Bank (Individual Accountability Framework) Bill 2022 (the Bill). We look at some key features of the Bill as against the heads of bill, which was published on 27 July 2021.
The Central Bank’s 2018 Report on Behaviour and Culture of the Irish Retail Banks originally outlined the four pillars of the individual accountability framework (IAF). We look at some notable features of the Bill examined under each of the four pillars of the IAF including:
1. conduct standards
2. fitness and probity reforms
3. reforms to simplify regulatory enforcement against individuals
4. the senior executive accountability regime (SEAR).
Click on the image below to view the document.
Recommended Insights
Article and Insights
1
Feb 2024
William Fry is pleased to launch its Responsible Business Annual Report 2023.
Article and Insights
2
Feb 2024
We focus on the second batch of draft implementation measures announced by the Eur...
Partner
John O’Connor
Article and Insights
2
Feb 2024
The Supreme Court has refused leave to appeal from a decision rejecting John Delan...
Consultant
Deirdre O’Donovan
Article and Insights
24
Jan 2024
The High Court recently dismissed a petition seeking the winding up of a biofuel c...
Partner
Fergus Doorly
prev
next