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

The Central Bank of Ireland, on North Wall Quay. The central bank’s senior executive accountability regime, which is due to be enacted in July 2024, will apply to banks, insurance companies and other financial firms. Picture: Fergal Phillips

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.