Banking
Unhappy bankers look to delay landmark accountability rules
Central Bank’s senior executive accountability regime framework may impact Ireland’s competitiveness and risk data breaches, bank representatives fear
Many of Ireland’s largest financial institutions are seeking to delay the implementation of a landmark set of rules designed to hold senior executives accountable for their actions, the Business Post has learned.
The Central Bank of Ireland’s (CBI) senior executive accountability regime (SEAR), which is due to be enacted in July 2024, will apply to banks, insurance companies and other financial firms.
Two powerful banking lobby groups have raised a slew of concerns with the ...