News & Analysis as of

Ireland Financial Services Industry

Hogan Lovells

The Central Bank of Ireland (CBI) has now published the revised Consumer Protection Code which will go into effect on 24 March...

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The CBI’s Consumer Protection Code was first introduced in 2006 and has been heavily amended in the intervening years. The Code is designed to ensure that financial service providers operate in a manner that is fair,...more

Walkers

Irish Asset Management & Investment Funds ESG Newsletter: October 2024 – January 2025

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The Platform on Sustainable Finance has published its report on categorisation of products under SFDR ahead of the European Commission's proposal for review of the SFDR, expected in Q4 2025. ESMA released new Q&As...more

Hogan Lovells

Ireland’s June 2025 deadline for making consumer banking services more accessible to persons with disabilities

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There are over 80 million people with disabilities in the EU. The European Accessibility Act 2019 (EAA) implements the UN Convention on the Rights of Persons with disabilities (UNCRPD) and aims at providing greater...more

Walkers

Irish Quarterly Legal and Regulatory Report: Asset Management and Investment Funds October - December 2024

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Welcome to the October - December 2024 issue of our Irish Quarterly Legal and Regulatory Developments report for asset management and investment funds....more

Walkers

Individual Accountability Framework (IAF): Irish Conduct Standards Training

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The Individual Accountability Framework ("IAF"), introduced in December 2023 is one of the most significant regulatory developments in Ireland in recent years. The IAF seeks to promote sound governance, improved performance...more

A&O Shearman

Mansion House: Call for Evidence on Credit Union Common Bond Reform

A&O Shearman on

HM Treasury has published a call for evidence on credit union common bond reform, which is part of the latest Mansion House reforms. The government is seeking views on the merits of and considerations for changing parts of...more

K&L Gates LLP

Europe: Ireland's New Participation Exemption – An Opportunity for Private Markets Asset Managers

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The Irish Finance Bill 2024 will, with effect from 1 January 2025, create a new participation exemption for foreign dividends. This exemption will bring Ireland into line with the rest of the EU which has a similar exemption....more

K&L Gates LLP

Europe: Publication of Irish Funds Sector 2030 Report

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Following a review of the Irish funds industry and wide engagement with industry participants, discussed in our earlier blog here, the Department of Finance has issued its Final Report on the Funds Sector 2030. The report...more

Walkers

Global Legal Insights FinTech 2024: Ireland chapter

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The Irish government has been supportive of the development of the financial services sector in Ireland and this extends to fintech. The government’s strategy for the development of Ireland’s international financial services...more

Walkers

Revised Central Bank of Ireland’s Prospectus Regulatory Framework Q&A | Expansion of Euronext’s GEM to retail debt

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Revised Prospectus Regulatory Framework Q&A - On 7 March 2024, the Central Bank of Ireland (the "Central Bank") published its Prospectus Regulatory Framework – Questions & Answers 2nd Edition (the "Revised Q&A"). This...more

Walkers

Ireland | Chambers 2024 Global Practice Guide on Securitisation

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1. Specific Financial Asset Types - 1.1 Common Financial Assets - A wide range of asset classes have been securitised by Irish special purpose entities (SPEs): residential mortgages; commercial mortgages; auto loans;...more

Walkers

Global Legal Insights Fintech 2023: Ireland

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Partners Niall Esler and Shane Martin, along with senior associate Conor Daly and trainee solicitor Coleen Wegmann, have authored the Ireland chapter for Global Legal Insights Fintech 2023. They provide an up-to-date summary...more

Walkers

Central Bank discussion paper on a macroprudential policy for investment funds

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On 18 July 2023, the Central Bank of Ireland (the "Central Bank") published its latest discussion paper entitled "An approach to macroprudential policy for investment funds" (the "Paper"). The purpose of this Paper is to...more

Hogan Lovells

Ireland: Central Bank (Individual Accountability Framework) Bill 2022 finalised

Hogan Lovells on

The Central Bank of Ireland (Individual Accountability Framework) Bill 2022 has now been finalised in the Houses of the Oireachtas and referred to the President for signing into law later this month.  The Bill is intended to...more

Hogan Lovells

Central Bank of Ireland publishes Dear CEO letter to payments industry

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On 20 January 2023, the Central Bank of Ireland (CBI) published a Dear CEO letter to the payments industry (Letter) detailing its findings from recent industry engagement. The Letter sets out certain required actions for...more

Walkers

Ireland Update: Guide to the Protected Disclosures (Amendment) Act, 2022

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Substantial changes to Irish whistleblowing law will be introduced by the Protected Disclosures (Amendment) Act, 2022 (the “Amendment Act”) on 1 January 2023. Protection for whistleblowers is not a new concept in...more

Hogan Lovells

Central Bank of Ireland Dear CEO letter - consumer protection in challenging economic times

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The Central Bank of Ireland has issued a Dear CEO letter to all Irish regulated financial services providers reminding them of their consumer protection obligations in the context of the challenging economic outlook....more

Hogan Lovells

Central Bank of Ireland launches review of its Consumer Protection Code 2012

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On 3 October 2022, the Central Bank of Ireland (CBI) announced that it is carrying out a comprehensive review of the Consumer Protection Code 2012 (Code) and has issued a discussion paper calling for feedback and views from...more

Walkers

Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Act 2022

Walkers on

The Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Act 2022 (the “2022 Act”) was commenced on 16 May 2022. The introduction of the 2022 Act ensures that providers and servicers of hire...more

Cohen & Gresser LLP

Brexit Means Brexit: No Agreement on Financial Services Equivalence

Cohen & Gresser LLP on

Summary - Both the unsettled Financial Services regulation and the Northern Ireland border issues have revealed that neither the European Union nor the United Kingdom appears interested in improving relations with the other...more

Pillsbury Winthrop Shaw Pittman LLP

Road to Brexit: Theresa May sets out “Five Tests” with which to judge eventual deal

The Prime Minister has given the clearest indication yet of what the UK will seek in the Brexit negotiations. Access to each side’s markets is going to be less than it is today. ...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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The Senate Banking Committee has voted out of committee a bipartisan effort to ease Dodd-Frank regulations. The bill in question could “drastically cut” the number of banks subject to heightened Fed oversight and “would ease...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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Representatives of the US’s biggest stock exchanges have questioned the SEC’s plan to change how markets work by altering the current “maker-taker” system and imposing new transparency and conflict-of-interest rules on...more

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