This Working Life: Collaboration is key to the successful introduction of regulatory reform

Ireland is following the international trend of promoting greater individual accountability in the regulated financial service sector. The legal framework being put in place to achieve this objective will have a significant impact on the employment relationship, particularly at senior levels, in regulated firms.

The Central Bank’s new individual accountability (IA) framework is expected to be implemented during 2023, after an industry consultation process later this year. From an employee’s perspective, it will comprise four ...