Uncategorised - Compliance Ireland

Central Bank issues its H1 2020 report on performance against Regulatory Service Standards. 34 service standards that applied during the period were either met or exceeded by the Central Bank with over 5,500 applications and submissions assessed. Report finds firms are receiving authorisations or approvals in a timely manner. The … Continued

On 27 July 2020, the Central Bank of Ireland (the Central Bank) reprimanded and fined The Governor and Company of the Bank of Ireland (BOI) for five breaches of the European Communities (Markets in Financial Instruments) Regulations 2007 (the MiFID Regulations) committed by its former subsidiary, Bank of Ireland Private … Continued

Central Bank publishes findings from Inspection of cybersecurity risk management at Asset Management firms. The Inspection identified that some firms have made good progress in strengthening their cybersecurity risk. Inspection found that many weaknesses highlighted in the Central Bank’s 2016 Cross Industry Guidance on IT and cybersecurity risks are still … Continued