Banking New rules for bankers will protect consumers and investors - Central BankNew regulations to govern the conduct of senior executives in banks and financial services companies will comes into force on a phased basis
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
Banking Unhappy bankers look to delay landmark accountability rulesCentral Bank’s senior executive accountability regime framework may impact Ireland’s competitiveness and risk data breaches, bank representatives fear
Regulation Central Bank starts consultation on new accountability rules for financial services sector Under the rules, specific firms will have to set out clearly and fully where responsibility and decision-making lie within the firm’s senior management
This Working Life: Collaboration is key to the successful introduction of regulatory reformThe Central Bank’s new individual accountability framework, set to be implemented during 2023, will comprise four pillars
How to manage: New rules on individual accountability for misconduct in financial sector could create better company cultureWhile the proposed legislation may not result in an increase in enforcement action, it is likely to focus the minds of senior executives on the implications of their actions
Financial sector executives could be suspended for 30 months while being investigatedThe new rule increasing the maximum suspension from six months is part of legislation to introduce tougher penalties for individual executives in the sector
Brian Keegan: Money-laundering laws won’t work without sanctions for individuals New criminal justice legislation will bring Ireland in line with EU, but it‘s only the first step
Donohoe on the back foot in the wake of Davy debacleAfter promising two years ago that senior executives would be made accountable for failings on their watch, the Minister for Finance is feeling the heat from opposition parties and the public