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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
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Philip Keegan
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Alison Gibney
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Karen Killalea
KNOWLEDGE
- Central Bank of Ireland Calls for Fund ManCos to Enhance their AML Frameworks 18 November 2021
- Central Bank of Ireland Signals its Expectations on ESG / Sustainability to Irish Regulated Firms 08 November 2021
- Central Bank of Ireland Proposes Changes to PCF Categories in Regulated Firms 30 September 2021
- Introducing IFD / IFR: A New Prudential Regime for Investment Firms 28 September 2021
- Central Bank of Ireland Review Identifies Market Abuse Deficiencies 22 September 2021
- European Commission publishes new AML CFT Action Plan 08 September 2021
- New Irish Legislation on Individual Accountability 29 July 2021
- European Commission Proposed Green Bond Standard 22 July 2021
- New Regime for Consumer Hire Purchase PCP Finance and Point of Sale Lending 15 July 2021
- Central Bank of Ireland Issues Revised AML and CFT Guidelines: Key Changes 06 July 2021