This Working Life: Why your fitness and probity regime needs to be up to standard

Canny financial services employers should check their recruitment and employment policies against fitness and probity standards ahead of Central Bank updates

The Central Bank: likely to update its existing fitness and probity regime

Employers in the financial services sector will be familiar with the Central Bank’s Fitness and Probity regime (F&P) which has been in effect since 2011. It is anticipated that F&P will be subject to updates as part of the Central Bank’s upcoming Individual Accountability (IA) framework.

IA legislation will follow a consultation process expected later this year. In the meantime, since the Central Bank has signalled its increasing focus on the area, prudent employers will ...