Saturday April 4, 2020

Half of firms lagging behind in compliance

Almost half of financial firms are not up to speed with the Central Bank's regulatory priorities and have failed to assess their compliance with the new rules.

23rd June, 2012
Garvan O'Neill of PwC.

Almost half of Irish financial firms are not up to speed with the Central Bank's regulatory priorities and have failed to assess their compliance with the new rules, according to a new PwC survey on regulatory challenges for financial services in Ireland.

The survey of more than 100 banks, insurance companies and investment firms found that 47 per cent of financial services firms had not yet undertaken a review of compliance with the areas the...

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