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Irish Financial Services Regulatory
Fitness & Probity / Senior Executive Accountability Regime
Our Financial Services Regulatory group in Ireland comprises of leading lawyers and experienced industry professionals with a wealth of experience in advising clients on regulatory requirements and how to manage regulatory risk within their business. Our highly technical team deliver pragmatic and solutions-focused advice to our clients.
- Irish Financial Services Regulatory
- Authorisations and Change of Business
- Fintech
- Corporate Governance, Remuneration and Outsourcing
- Advisory and Assurance
- Compliance Universes and Frameworks and Procedures
- Anti-Money Laundering & Countering the Financing of Terrorism
- Regulatory Engagement and Enforcement
- Sustainable Finance
Fitness & Probity / Senior Executive Accountability Regime
- Drafting appointment letters and contractual documentation for key function holders
- Advising on the appointment and removal of those in “Pre-Approval Controlled Functions” (“PCF”)
- Assisting firms seeking approval of candidates to new PCF roles and engagement with the Central Bank
- Scoping “Controlled Function” roles and identifying key staff
- Mock PCF interviews to prepare for interviews with the Central Bank
- Developing Fitness and Probity frameworks which meet Central Bank expectations, including Dear CEO Letters
- Designing an implementation framework for the proposed Individual Accountability Framework which will include a new Senior Executive Accountability Regime
- Advising on issues relating to Fitness and Probity and working alongside Employment colleagues to find solutions to resolve issues which arise
Related Contacts
-
Stephen Carty
-
Lorna Smith
-
Philip Keegan
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Alison Gibney
KNOWLEDGE
- MiFID Firms – What is the Central Bank of Ireland's Focus for 2021? 25 February 2021
- Fitness and Probity - Central Bank of Ireland Expectations Not Being Met 19 January 2021
- EU Regulator Warning on Post Brexit Financial Services EU Access 14 January 2021
- AML Frameworks of Schedule 2 Firms under CBI Scrutiny 05 January 2021
- New Central Bank of Ireland Guidance on AML Transaction Monitoring 13 November 2020
- CBI Enforcement Firm Hit with Fine for Cyber Security Failures 06 August 2020
- ICLG Cybersecurity Guide 2020 25 October 2019