01 01 2022 Information Hubs

RDJ SEAR Information Hub

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About this Information Hub

Welcome to the RDJ SEAR Information Hub where you will find in one location all of the key pieces of information regarding the Senior Executive Accountability Regime (SEAR) and the Individual Accountability Framework. The information contained in the Hub has been distilled to make it easier for you to pinpoint the most relevant sources on this topic. We will be updating the Hub to reflect new SEAR-related developments. Bookmark the page so you can stay up-to-date.

SEAR in Brief

The anticipated Senior Executive Accountability Regime (SEAR) is expected to form one part of a package of reforms that are set to be introduced under the much-anticipated Central Bank (Amendment) Bill as part of what is termed the Individual Accountability Framework.

The Bill will implement reforms in four key areas:

  • New Senior Executive Accountability Regime
  • New Conduct Standards
  • Enhanced Fitness and Probity Regime
  • Breaking the participation link in enforcement actions.

For more information on SEAR, read the latest RDJ Insight here

Update - 1 September 2021

In recent weeks the Government published the General Scheme or draft version of the long-awaited Central Bank (Individual Accountability Framework) Bill which will introduce a number of new measures that are intended to greatly enhance the ability of the Central Bank of Ireland to hold individuals within financial services firms to account for their actions.

The provisions of the draft legislation are considered in detail in the RDJ Guide to the General Scheme of the Central Bank (Individual Accountability Framework) Bill which can be accessed here.

News Update – 27 July 2021

SEAR Legislation Published in Draft Form

The Cabinet has approved the General Scheme of the Central Bank Bill which will provide the legislative basis for the new Senior Executive Accountability Regime (SEAR). You can access the draft legislation in the Table below.

Draft SEAR Legislation

CBI Authored Documents

Central Bank Speeches

Ministerial Speeches

Parliamentary Debates


Other Jurisdictions

International Authorities

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