Course Summary:

The Central Bank of Ireland believes that systematic risk-based supervision is the best way to supervise all financial firms in a way which makes it materially less likely that they will, collectively or individually, fail in a way which endangers financial stability or consumers. They have developed PRISM (Probability Risk and Impact System) in order to achieve this.

Under PRISM, the most significant firms receive a more intrusive form of supervision under structured engagement plans. This is intended to lead to early intervention to mitigate potential risks. Firms, who have been provided with a lower risk potential will be supervised reactively or through thematic inspections. This 1 hour briefing will outline how the Central Bank uses PRISM to supervise your firm.

Course Contents:

The briefing will explain the following areas:

  • what is risk based supervision?
  • how PRISM works
  • engagement and supervision
  • risk appetite
  • how the Central Bank judges probability of failure
  • use of enforcement as a form of supervision
  • Risk Mitigation Programmes
  • Quality Assurance

Who Should Attend: 

This course is suitable for anyone who requires an understanding of the Central Bank of Ireland’s approach to supervision particularly those that may be required to engage with the Central Bank as part of PRISM engagements, such as:

  • Directors (Executive & Non Executive)
  • Management
  • Heads of Compliance
  • Compliance Officers
  • Heads of Risk
  • Heads of Internal Audit
  • Internal Audit Staff



€100 per attendee
(All training fees are VAT exempt)



Date Time Venue
Dates to be Confirmed 1:00 pm - 2.00 pm 38-39 Baggot Street, Dublin 2

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