Ronan Daly Jermyn

Financial Services Regulatory

In recent years the Central Bank of Ireland has become a more intrusive supervisor of the financial services sector. This has led to an increased number of Central Bank inspections, investigations and enforcement actions, and in-turn has given a demand for increased legal and regulatory support to be provided to firms operating in the sector.

RDJ advises clients on their interactions with the Central Bank of Ireland, as well as financial services authorities in other jurisdictions. We offer specialist advice to financial services clients on all aspects of contentious and non-contentious regulatory matters, including:

• Regulatory strategy & regulatory engagement
• Licensing and establishment
• Regulatory inspections (on-site inspections, targeted risk assessments, financial risk reviews, thematic inspections)
• Implementation of regulatory remediation actions
• Advice on Central Bank Codes/Rules (PRISM, Corporate Governance, Fitness and Probity etc.)
• Regulatory compliance
• Self-disclosure
• Dawn raids
• Skilled person reports.
• Advice on administrative sanctions procedures adopted by the Central Bank of Ireland

Financial Services Regulatory Insights

• Anticipating SEAR: A Closer Look at Individual Accountability Regimes in Other Jurisdictions | 17 May 2021
• Getting serious about reputational risk is a must for financial services firms | 12 March 2021
• Senior Executive Accountability Regime Holds the Key to Enhancing Central Bank’s Ability to Hold Individuals to Account | 4 March 2021
• Central Bank to Increase its Focus on Ability of Banks, Insurers and Investment Funds to Respond to Climate Change Risks | 27 January 2021
• Road Ahead for Financial Services Post-Brexit is Still Unclear | 4 January 2021
• EBA Opinion signals a shift to greater consistency on assessment of AML and CFT in banking | 26 November 2020
• Watching the watchdog: What the fines and enforcements data tells you about the Central Bank’s focus | 3 November 2020
• Lessons from CBI findings on fund management companies have broader application | 29 October 2020
• Insurers and reinsurers need to ready themselves for implementation of EIOPA guidelines on information and communication technology security and governance | 21 October 2020
• Central Bank’s Role in Bringing Clarity to Disputed Business Interruption Claims | 9 July 2020