Finance
New Central Bank rules for senior executives ‘a step too far’
Professional body for staff in financial services has called on regulator to trust the sector
New Central Bank rules to hold senior executives accountable for their actions are “incredibly prescriptive” and should be “softened”, according to a senior industry figure.
Adele Spillane, the Irish president of the Chartered Institute for Securities and Investment (CISI), said the Central Bank’s planned senior executive accountability regime (SEAR) was “arguably a step too far” and called on the regulator to retain an “element of trust” in the sector.
SEAR, which is due to be ...
