In the long shadow of the global financial crisis, the Central Bank of Ireland, along with other regulators throughout Europe, has been paying close attention to the culture within the financial services sector.
Ireland s increased governance of financial services firms funds-europe.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from funds-europe.com Daily Mail and Mail on Sunday newspapers.
New rules in Ireland forcing all firms in the financial services sector to certify the fitness and probity of individuals in certain roles are to be enforced by.
Ever since the crisis in 2008, the Central Bank of Ireland has been critical of the culture in banking. At the time, politicians and regulators alike blamed the poor culture and lack of accountability in financial services for the collapse of our economy. The President of Ireland recently signed the Central Bank (Individual Accountability Framework) Act into law.
On 9 March 2023, the President of Ireland signed the Central Bank (Individual Accountability Framework) Bill 2022 (the "Bill") into law. See our previous update here for a detailed.