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 will receive a more intrusive form of supervision under structured engagement plans. The Central Bank envisages that this will 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 one hour briefing will outline how the Central Bank will use PRISM to supervise your firm. It will also explain how it will use risk mitigation programmes to reduce the risk to an acceptable level within the risk appetite of the Central Bank.

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 will judge probability of failure
  • Use of enforcement as a form of supervision
  • Risk mitigation programmes
  • Quality Assurance 

Course Outcome: 

After completion of the course participants will have an understanding of how PRISM will work for their firm and how the Central Bank will engage with their firm. It will put participants in a position to outline to their firm the risk appetite of the Central Bank and how they will use risk mitigation programmes to effectively manage different risks in firms. 

Who Should Attend: 

  • Chief Executive Officers
  • Board Directors
  • Strategic Planners
  • Compliance Officers
  • Financial Regulators


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



Date Time Venue
Tuesday 7th November 2017 1:00 pm - 2.00 pm 38/39 Baggot Street, Dublin 2

Alternative Payments:

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CPD Details:

Institute of Bankers: Formal CPD Hours

QFA: 0 hour
CPD Member: 0 hour
RS CPD Member: 0 hour
LCOI: 1 hour
Chartered Banker: 1 hour
CeB (Certified Banker): 1 hour

Irish League of Credit Unions (ILCU)

Operations Stream: 1 hour
Governance Stream: 1 hour

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