More than two thirds of survey respondents agreed with new rules, which will allow the Central Bank to fine individuals up to €1 million for rule-breaking
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The Central Bank has promised it will apply the enhanced Administrative Sanctions Procedure (ASP) to individuals in a way that takes account of the unique challenges they face compared to firms.
On 16 November 2023, the Central Bank of Ireland (the "Central Bank") published its feedback statement, revised draft Central Bank Regulations (on the Senior Executive Accountability.