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Tag: CBI

82 news articles found
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Article and Insights

SEAR Regulations signed and other Individual Accountability Framework Developments

We look at updates on the IAF including the SEAR Regulations recently signed by the Central Bank.

Shane Kelleher
Partner
Shane Kelleher
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Article and Insights

EIOPA Publishes Supervisory Statement on Reinsurance from Third-Country Reinsurers

EIOPA finalises its supervisory statement on reinsurance concluded with third-country reinsurers.

Eoin Caulfield
Partner
Eoin Caulfield
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Article and Insights

Central Bank Updates Approach to Authorising Payment Institutions / E-Money Institutions

We look at updates to the Central Bank's approach to authorising Payment and E-Money Institutions...

Shane Kelleher
Partner
Shane Kelleher
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Article and Insights

Insurance Newsletter Q1 2024 – Central Bank of Ireland Highlights Two Key Issues

The Central Bank of Ireland published its Insurance Industry newsletter for Q1 2024 containing in...

Ian Murray
Partner
Ian Murray
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Article and Insights

CBI Publishes Consultation Paper on Consumer Protection Code Revision

We look at CP158 - The Central Bank Consultation Paper on its proposals to revise the Consumer Pr...

Shane Kelleher
Partner
Shane Kelleher
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Article and Insights

Payments and E-Money Sector – Central Bank Event and Report

We look at key supervisory priorities for the payments and e-money sector based on remarks at a r...

Shane Kelleher
Partner
Shane Kelleher
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Article and Insights

Central Bank Publishes 2024 Regulatory and Supervisor Outlook

We look at the Central Bank’s view on the key trends and risks facing the financial sector, along...

Shane Kelleher
Partner
Shane Kelleher
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Article and Insights

IFSAT Critical of the Central Bank’s Decision on PCF Roles

We look a IFSAT decision concerning the Central Bank's refusal of an individual’s application to ...

Shane Kelleher
Partner
Shane Kelleher
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Article and Insights

IAF Fitness & Probity Reforms

We provide an overview of the new regulations and updated Central Bank documentation.

Shane Kelleher
Partner
Shane Kelleher
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Article and Insights

Central Bank Newsletter Highlights Key Issues for (Re)Insurers in 2024

The Central Bank of Ireland newsletter for Q4 2023 highlights recent regulatory developments and ...

Eoin Caulfield
Partner
Eoin Caulfield
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Article and Insights

Administrative Sanctions Procedure Guidelines Now in Force

13 Dec 2023, the CBI published consolidated Guidelines relating to the enhanced Administrative Sa...

Shane Kelleher
Partner
Shane Kelleher
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Article and Insights

CBI Publishes Notice of Intention on Recognising Sustainability Knowledge in the MCC

On 24 November 2023, the Central Bank of Ireland (CBI) published a notice of intention confirming...

Eoin Caulfield
Partner
Eoin Caulfield
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Article and Insights

Intermediary Newsletter – Central Bank of Ireland Spotlights Three Key Issues

The CBI newsletter highlights three key areas of interest to Irish retail intermediary firms, nam...

Eoin Caulfield
Partner
Eoin Caulfield
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Article and Insights

CBI Publishes Final Individual Accountability Framework Standards and Guidance

The Central Bank has published a Feedback Statement and issued final form Regulations and Guidanc...

Shane Kelleher
Partner
Shane Kelleher
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Article and Insights

Central Bank’s Thematic Review of Irish Insurers Highlights Importance of Cyber Security

We discuss the supervisory focus on cyber security, both at a domestic and European level, in lig...

Eoin Caulfield
Partner
Eoin Caulfield
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Article and Insights

CBI Consultation Paper on Innovation Engagement (CP156)

We look at the Central Bank's consultation paper on its enhanced approach to innovation engagemen...

Shane Kelleher
Partner
Shane Kelleher
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Article and Insights

An Analysis of EIOPA’s Peer Review Report on Product Oversight and Governance

We analyse EIOPA's recent Peer Review Report on Product Oversight and Governance with a particula...

Eoin Caulfield
Partner
Eoin Caulfield
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Article and Insights

Applying for a Derogation under EU Regulation 269/2014

The European Union updated its sanctions against Russia following the invasion of Ukraine in Febr...

Laura Murdock
Partner
Laura Murdock
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Article and Insights

Insurance Industry Newsletter – Central Bank of Ireland Spotlights Three Key Issues

We focus on three key topics from the Central Bank's latest Insurance Quarterly Newsletter: the t...

Eoin Caulfield
Partner
Eoin Caulfield
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Article and Insights

Individual Accountability for Fund Managers – Countdown to Jan 2024

Development of the IAF continues with further publications from the Central Bank ahead of the fir...

Patricia Taylor
Consultant
Patricia Taylor
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Article and Insights

Winding Up Order Rebuts Presumption of Control for EU Sanctions

Winding up order in respect of two Russian owned entities brings those companies' assets outside ...

Ruairi Rynn
Partner
Ruairi Rynn
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Article and Insights

Central Bank of Ireland publishes report on Digitalisation in Insurance Survey

The Central Bank of Ireland published a survey on the impact of digitalisation platforms on the I...

Eoin Caulfield
Partner
Eoin Caulfield
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Article and Insights

Central Bank Consultation CP154 – Enforcement Reforms

On 22 June 2023, the Central Bank of Ireland published the consultation paper CP154 and draft gui...

Shane Kelleher
Partner
Shane Kelleher
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Article and Insights

Payment Institution Authorisations in Ireland

William Fry's Financial Regulation Unit provides an overview of the process and requirements for ...

Shane Kelleher
Partner
Shane Kelleher
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Article and Insights

Central Bank of Ireland’s Enhanced Fitness and Probity Enforcement Procedures

In April 2023, the Central Bank of Ireland updated its procedures on fitness and probity investig...

Joanne Ryan
Senior Associate
Joanne Ryan
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Article and Insights

Asset Management & Investment Funds Update – April 2023

Welcome to the April 2023 edition of our Asset Management & Investment Funds Update.

Patricia Taylor
Consultant
Patricia Taylor
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Article and Insights

Central Bank of Ireland Reports on its Regulatory Service Standards and New PCF Approval Processes

The Central Bank of Ireland publishes its latest Regulatory Service Standards Performance Report ...

Eoin Caulfield
Partner
Eoin Caulfield
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Article and Insights

The Central Bank launches its Consultation Paper following enactment of IAF/SEAR legislation

On 9 March 2023, the President of Ireland signed the Central Bank (Individual Accountability Fram...

Shane Kelleher
Partner
Shane Kelleher
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Article and Insights

EIOPA Supervisory Statement on the Management of Non-affirmative Cyber Exposures

The European Insurance and Occupational Pensions Authority published a supervisory statement on t...

Eoin Caulfield
Partner
Eoin Caulfield
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Article and Insights

Fitness and Probity Regime – Changes to PCF Roles

On 5 April 2022, the Central Bank of Ireland made further changes to its list of Pre-Approval Con...

Shane Kelleher
Partner
Shane Kelleher
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Article and Insights

Withdrawal of the UK from the European Union (Consequential Provisions) Bill 2020 – Insurance Related Update

The Withdrawal of the United Kingdom from the European Union (Consequential Provisions) Bill 2020...

John Larkin
Consultant
John Larkin
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Article and Insights

The Insurance (Miscellaneous Provisions) Bill 2022 Takes Effect in Ireland

The Insurance (Miscellaneous Provisions) Act 2022 addresses certain issues arising from the Irish...

John Larkin
Consultant
John Larkin
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Article and Insights

The Impact of the Senior Executive Accountability Regime on the Insurance Industry

In this article, we highlight the envisaged impact of the proposed Senior Executive Accountabilit...

John Larkin
Consultant
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Article and Insights

The Central Bank of Ireland adds to the List of Pre-Approval Controlled Functions

The Central Bank of Ireland published new additions to the list of Pre-Approval Controlled Functi...

John Larkin
Consultant
John Larkin
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Article and Insights

Public Consultation on the Development of a National Resolution Framework for (re)Insurers

The Department of Finance, in collaboration with the Central Bank of Ireland, has invited submiss...

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Article and Insights

Proposed Guidance on Climate Change Risks for the (Re)Insurance Sector – CBI Launches Public Consultation

The Central Bank of Ireland launches a public consultation on the proposed introduction of guidan...

John Larkin
Consultant
John Larkin
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Article and Insights

Proposed Additions to the List of Pre-Approval Control Functions

On 25 February 2020, the Central Bank of Ireland (CBI) published a notice of intention to prescri...

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Consultant
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Article and Insights

Outsourcing Homework for Central Bank of Ireland as EIOPA publishes its Peer Review Report

We outline the key takeaways from EIOPA's peer review report on the performance of the Central Ba...

John Larkin
Consultant
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Article and Insights

New Brexit Omnibus Bill Proposes a Run-off Period of up to 15 years for UK and Gibraltar Insurers or Insurance Intermediaries

The General Scheme of the Withdrawal of the UK from the European Union (Consequential Provisions)...

John Larkin
Consultant
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Article and Insights

Managing Greenwashing Risk in the Insurance Industry

A brief overview of how to avoid Greenwashing in the (Re)Insurance Industry.

John Larkin
Consultant
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Article and Insights

Investment Firms: CBI Consultation on Competent Authority Discretions in the IFD/IFR

The Investment Firms Directive and Investment Firms Regulation (IFD/IFR) will become applicable f...

Patricia Taylor
Consultant
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Article and Insights

Insurance Update: Irish Minister for Finance Announces Commencement of Consumer Insurance Contracts Act 2019

On 17 July 2020, the Minister for Finance, Paschal Donohoe T.D., announced that the Consumer Insu...

John Larkin
Consultant
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Article and Insights

Guide to the Investment Limited Partnership: Ireland’s new and Improved Option for Private Fund Sponsors

Ireland has recently modernised its Investment Limited Partnership fund structure with the aim o...

Ted McGrath
Partner
Ted McGrath
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Article and Insights

Finalised Guidance on the Use of Service Companies for Staffing in the Insurance Sector

Today, the Central Bank of Ireland published its final Guidance on the Use of Service Companies f...

James Phelan
Partner
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Article and Insights

Diversity and Inclusion in the Financial Services Sector

On 11 February 2020, Director General of the Central Bank of Ireland (CBI) Derville Rowland addre...

John Larkin
Consultant
John Larkin
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Article and Insights

Central Bank updates (Re)Insurers on Key Regulatory Developments in its September Industry Newsletter

Climate change risks, outsourcing and digitalisation, are the key topics the Central Bank of Irel...

John Larkin
Consultant
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Article and Insights

Central Bank’s Feedback Statement on the ETF Discussion Paper

On 14 September 2018, the Central Bank of Ireland (CBI) issued the eagerly awaited feedback state...

Sergey Dolomanov
Partner
Sergey Dolomanov
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Article and Insights

Central Bank Publishes Consultation Paper on Enhancement of Engagement with Stakeholders

Central Bank Publishes Consultation Paper on Enhancement of Engagement with Stakeholders

John Larkin
Consultant
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Article and Insights

Central Bank of Ireland’s 2020 “Dear CEO Letter” on Fitness and Probity

The Central Bank of Ireland has published a "2020 Dear CEO Letter" addressing key shortcomings id...

Shane Kelleher
Partner
Shane Kelleher
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Article and Insights

Central Bank of Ireland publishes Strategic Plan 2019 – 2021

The Central Bank of Ireland (CBI) has published its Strategic Plan for the next three years.

Shane Kelleher
Partner
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Article and Insights

Central Bank of Ireland publishes Draft Cross-Industry Guidance on Outsourcing

The Central Bank of Ireland has recently issued a consultation paper and draft cross-industry gui...

Shane Kelleher
Partner
Shane Kelleher
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Article and Insights

Central Bank of Ireland publishes Consumer Protection Outlook Report 2022

We analyse and set out the key developments and points of relevance from the Consumer Protection ...

John Larkin
Consultant
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Article and Insights

Central Bank of Ireland issues “Dear CEO” Letter to Retail Intermediaries regarding Regulatory Returns

We consider the "Dear CEO" letter issued by the Central Bank of Ireland to all retail intermediar...

John Larkin
Consultant
John Larkin
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Article and Insights

Central Bank of Ireland – Report on Outsourcing

The Report sets out the CBI's main findings from its review of regulated firms' outsourcing activ...

Shane Kelleher
Partner
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Article and Insights

Central Bank Determination points to Increased Focus on Senior Executive Accountability

Following a recent Central Bank of Ireland enforcement action, we review the decision of the Cent...

John Larkin
Consultant
John Larkin
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Article and Insights

CBI Administrative Sanctions – Themes of Relevance to (Re)insurers

A brief overview of the CBI Administrative Sanctions and the themes of relevance to (Re)insurers.

John Larkin
Consultant
John Larkin
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Article and Insights

Business Interruption Insurance – Financial Conduct Authority Test Case

In this article, we consider the ongoing Financial Conduct Authority test case and its possible i...

John Larkin
Consultant
John Larkin
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Article and Insights

Breaking Bad; the Central Bank’s Expectations of Senior Executive Accountability

Video: Gráinne Varian, Catherine Carrigy and Lisa Shannon share some insights in the area of Fitn...

Lisa Shannon
Senior Associate
Lisa Shannon
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Article and Insights

Central Bank (Individual Accountability Framework) Bill 2021: Pre-legislative Scrutiny Recommendations

The Joint Committee on Finance, Public Expenditure and Reform and Taoiseach published its Report ...

John Larkin
Consultant
John Larkin
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Article and Insights

Securing authorisation as a retail credit firm in Ireland

The Consumer Protection Act 2022 (the Act) was signed into law on 11 April 2022. The Act extends ...

Shane Kelleher
Partner
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Article and Insights

EIOPA’s Supervisory Statement on the Supervision of Run-Off Undertakings

EIOPA has issued a Supervisory Statement detailing how national supervisors should approach the r...

James Phelan
Partner
James Phelan
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Article and Insights

Legal News – August 2022

Welcome to the August 2022 edition of Legal News, a selection of our recent publications on subje...

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Article and Insights

Legal News – February 2022

Here is a selection of our recent publications on subjects that may affect you or your business.

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Article and Insights

Governor Makhlouf addresses the Insurance Ireland Annual Industry Lunch

An overview of Governor Makhlouf's remarks at the recent Insurance Ireland Annual Industry Lunch ...

John Larkin
Consultant
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Article and Insights

Irish Central Bank Imposes Largest Monetary Fine to date on Fund Service Provider

The Central Bank of Ireland has issued the largest monetary fine to date on a Fund Service Provid...

Hilary Rogers
Consultant
Hilary Rogers
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Article and Insights

Beyond Brexit – EU-UK Agreement and Ireland’s Insurance Temporary Run-off Regime

In tandem with the end of the Brexit transition period at 11.00pm on 31 December 2020, the Irish ...

John Larkin
Consultant
John Larkin
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Article and Insights
Patricia Taylor
Consultant
Patricia Taylor
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Article and Insights

Walking Away From Loyalty Penalties – the End for Differential Pricing?

Central Bank of Ireland proposes that customers who remain loyal to their insurer are not penalis...

James Phelan
Partner
James Phelan
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Article and Insights

EIOPA Publishes Analysis on National General Good Rules

EIOPA has published its analysis of the published national general good rules on registration and...

John Larkin
Consultant
John Larkin
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Article and Insights

Deputy Governor outlines 2021 Priorities and Expectations of the Central Bank of Ireland

We briefly consider the key topics covered in the 'Governance and risk in a time of uncertainty a...

John Larkin
Consultant
John Larkin
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Article and Insights

The Future of How Ireland Works Part 4: The Central Bank is Getting SEARious about Individual Accountability

As part of our Future of How Ireland Works series, our Employment lawyers discuss current issues ...

Louise Harrison
Partner
Louise Harrison
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Article and Insights

The New Programme for Government – a Significant Insurance Reform Agenda

In this article we consider the new Programme for Government which contains significant Insurance...

John Larkin
Consultant
John Larkin
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Article and Insights

How to Manage Pandemic-Related PCF Vacancies

Central Bank issues guidance on the appointment of temporary PCFs in the event of a pandemic-rela...

Shane Kelleher
Partner
Shane Kelleher
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Article and Insights

Central Bank issues “Dear CEO” Letters to MiFID Firms on “Unregulated Activities” and “Appropriateness”

The Central Bank has set out its regulatory and compliance expectations for the provision of unre...

Patricia Taylor
Consultant
Patricia Taylor
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Article and Insights

Differential Pricing in the Irish Insurance Market – the Beginning of the End?

The Central Bank of Ireland recently issued a Dear CEO letter setting out immediate actions to be...

John Larkin
Consultant
John Larkin
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Article and Insights

William Fry Submission on CBI CP131

William Fry's submission on CP131 "Regulations for pre-emptive recovery planning for (re)insurers"

John Larkin
Consultant
John Larkin
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Article and Insights

Litigating COVID-19 Business Interruptions Claims – What the CBI Expects

Sarah Twohig and Paddy Murphy of our Litigation & Dispute Resolution team and James Foster of our...

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Article and Insights

Opening Remarks at the CBIs 2020 Insurance Industry Briefing

CBI Director of Insurance Supervision, Domhnall Cullinan, provided the opening remarks at the CBI...

Catherine Carrigy
Senior Associate
Catherine Carrigy
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Article and Insights

Central Bank of Ireland’s “Dear CEO Letter” on the Fitness and Probity Regime

The CBI's recent "Dear CEO Letter" outlines supervisory expectations surrounding regulated financ...

Shane Kelleher
Partner
Shane Kelleher
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Article and Insights

Immigration is Essential for Ireland’s Continued Economic Recovery; What Can be Done to Facilitate it?

The Central Bank of Ireland proposes strong net migration as the most important source of employm...

Alicia Compton
Partner
Alicia Compton
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Article and Insights

Ireland: A Center of Excellence for Islamic Finance?

In 2011, the Irish government outlined ambitious plans for Ireland to become a center of excellen...

David Maughan
Partner
David Maughan