News & Insights - Individual Accountability and SEAR

CBI Responds to Queries on the Application of the IAF

DATE: 03/07/2024

Initial Observations on the Consumer Protection Code Consultation Paper

DATE: 12/03/2024

Central Bank of Ireland Updates F&P Standards and Guidance

DATE: 10/01/2024

Matheson Launches Individual Accountability Framework (IAF) Directory

DATE: 19/12/2023

Matheson has launched an Individual Accountability Framework Directory, designed to help financial institutions and individuals understand and interpret the new IAF regime.

Central Bank Concludes Public Consultation on Enhanced ASP

DATE: 14/12/2023

Central Bank of Ireland Regulations and Guidance on the Individual Accountability Framework

DATE: 21/11/2023

IAF: Management Responsibilities Map Step-Plan

DATE: 04/05/2023

Statement of Responsibilities - Key Components and Practical Steps

DATE: 19/04/2023

SEAR: Where do we start? 8 Step Employment Law Project Plan

DATE: 06/04/2023

Individual Accountability Framework Series: Part 1 – Industry Insights

DATE: 29/03/2023

Central Bank (Individual Accountability Framework) Bill 2022 Passes the Seanad

DATE: 23/02/2023

Central Bank (Individual Accountability Framework) Bill 2022 taken at Second Stage, Seanad Eireann

DATE: 13/02/2023

Central Bank (Individual Accountability Framework) Bill 2022 passed by Dáil Eireann

DATE: 13/02/2023

Central Bank (Individual Accountability Framework) Bill 2022 - Committee Stage Continued – 7 December 2022

DATE: 08/12/2022

Central Bank (Individual Accountability Framework) Bill 2022 - Committee Stage - 30 November 2022

DATE: 01/12/2022

IAF Bill 2022 moves through the Houses of the Oireachtas

DATE: 25/10/2022

The Central Bank (Individual Accountability Framework) Bill 2022 continues to move through the Dáil. Our latest insight provides a brief overview of the remainder of the Dáil debate at Second Stage, as it happened.

IAF Bill 2022 embarks on its journey through the Houses of the Oireachtas

DATE: 19/10/2022

The Central Bank (Individual Accountability Framework) Bill 2022 has embarked on its journey through the Houses of the Oireachtas. Our latest briefing note outlines the key points which Deputy Sean Fleming, Minister of State at the Department of Finance, made on the Bill.

Central Bank (Individual Accountability Framework) Bill: The Zalewski Judgement - a catalyst for change

DATE: 22/09/2022

This article outlines the decision of the Supreme Court in Zalewski (2021) and the impact for the Central Bank's investigative and enforcement powers, particularly in relation to the Central Bank (Individual Accountability Framework) Bill.

The Central Bank (IAF) Bill sets out new requirements in the financial sector

DATE: 01/08/2022

The Central Bank (Individual Accountability Framework) Bill sets out new requirements in respect of senior executives working in the financial sector.

Individual Accountability Framework and SEAR: Observations from Pre-Legislative Scrutiny

DATE: 05/11/2021

On 3 November 2021, the Joint Committee on Finance, Public Expenditure and Reform and An Taoiseach conducted pre-legislative scrutiny of the General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021 which was published in the summer. In this short update, Matheson’s expert team on the Individual Accountability Framework summarises the key points that arose and the next steps for in-scope Regulated Financial Services Providers.

SEAR: One Step Closer

DATE: 30/07/2021

The General Scheme broadly reflects the reforms proposed in the Central Bank of Ireland’s 2018 report “Behaviour and Culture of the Irish Retail Banks” (the “Culture Report”), and has been welcomed by the Central Bank. While the contents of the General Scheme are not unexpected there are a number of aspects of the which will be of interest to our clients and will no doubt be brought into focus during the Central Bank’s consultation process.

Behaviour and Culture of the Irish Retail Banks

DATE: 29/08/2018

Prompted by the key findings of the Central Bank of Ireland’s Tracker Mortgage Examination (the “Examination”), the Minister for Finance in October 2017, pursuant to Section 6A of the Central Bank Act 1942, requested the Central Bank of Ireland (the “Central Bank”) to prepare a report on the “current cultures and behaviours and the associated risks in the retail banks today and the actions that may be taken to ensure that banks prioritise customer interests in the future”.