Inspections finds weaknesses in Fitness & Probity Regime

19 November 2020

The Central Bank has issued a Dear CEO letter to the management of all regulated financial services providers (“firms”) setting out its expectations for firms to take appropriate action to address the significant issues identified by thematic inspections concerning their legal obligations under the Fitness and Probity (F&P) regime. The F&P … Continued

PCF roles

Additions to the list of Pre-Approval Controlled Functions (PCFs)

13 October 2020

Further to the Notice of Intention issued in February 2020, the Central Bank of Ireland is: 1. Introducing three new Pre-Approval Controlled Functions (PCFs):  Chief Information Officer (under the ‘General’ category);  Head of Material Business Line (under the ‘Banking’ category);  Head of Market Risk (under the ‘Banking’ … Continued