Regulatory Enforcement

Our firm boasts a cross-disciplinary Regulatory Enforcement team, which provides expert advice to corporate, financial service and private clients in relation to different facets of regulatory control, regulatory enforcement and general corporate compliance. We regularly represent clients in interactions and negotiations with public bodies including the Central Bank, the Data Protection Commissioner, the Consumer Protection Commission, the Director of Corporate Enforcement, the Ombudsman, the Financial Services and Pensions Ombudsman, the National Treatment Purchase Fund and Local Authorities. Our Litigation and Dispute Resolution team also have extensive experience in representing and defending clients’ interests by way of Judicial Review and appeals of decisions made by public bodies.

Our team has a proven record of delivering expert legal and commercial advice in a speedy and efficient manner and have particular expertise in the following areas:

  • Advice on administrative sanctions procedures adopted by the Central Bank of Ireland.
  • Inspections carried out by the Office of the Director of Corporate Enforcement.
  • Audits carried out by Revenue, Data Protection Commissioner and Companies Registration Office.
  • Appeals and dealings with the Ombudsman’s Office and the Financial Services Ombudsman’s Office.
  • Contractual negotiations with the National Treatment Purchase Fund.
  • Compliance with Irish and EU Competition Law.

CBI Enforcement Actions

In Ireland, the credible threat of enforcement is one of the key tenets of Central Bank of Ireland’s (CBI) approach to the supervision of the financial services sector. The maximum penalty which the Central Bank may impose is a fine of €10m or an amount equal to 10% of the annual turnover of a regulated financial service provider, whichever is the greater. Unsurprisingly then, the CBI maintains an active an effective Enforcement Division which has concluded very many settlement agreements under its Administrative Sanctions Procedure.

Our CBI Enforcement Tracker is updated regularly and will help you keep abreast of penalties that are imposed. View RDJ CBI Enforcement Information Hub here.

Regulatory Insights

RDJ - SEAR Information Hub

Helping you prepare for SEAR - visit the RDJ SEAR Information Hub where you will find all of the key pieces of information regarding the Senior Executive Accountability Regime (SEAR) and the Individual Accountability Framework. RDJ - SEAR Information Hub

 

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