Regulatory and Legal

Article

KYC: Review Refresh Renew

Prevent future remediation work

As regulatory consultants, we have become accustomed to the reaction we get from clients when we mention the word ‘remediation’. The word itself is an indication of failure, that policies and procedures were either not in place or were not followed correctly.

Article

Pillar 3 is evolving

CRR 2 introduces many changes including a focus on ESG

The second Capital Requirements Regulation (CRR 2) and recent European Central Bank (ECB) and European Banking Authority (EBA) publications, continue to strengthen the Pillar 3 regulatory framework across Europe and provide challenges to firms in this context.

Article

UK SOX: Implications for new UK guidance for Ireland

Deloitte professionals with experience in SOX control programmes will give you an overview of the UK SOX landscape and the key considerations for Directors and companies arising from the introduction of UK SOX.

Article

The Evolving CAR

The protection of client assets continues to be a priority for the Central Bank of Ireland. The client asset regime which was introduced in 2007 (Client Asset Requirements ), and revised in 2015 (Client Asset Regulations (CAR)), ultimately aims to maintain public confidence, minimise the risk of loss/misuse of client assets and protect investors in the event that an investment firm was to become insolvent.

Analysis

New Investment Firms Regime

In June 2021 a new prudential regime for investment firms will come into effect. The prudential regime will now be more tailored for investment firms, and is a significant revision of the current prudential requirements for investment firms.

Article

ESG & the Board Agenda

The panel discussion on ESG and the Board Agenda was held on Monday 23rd November 2020.

Article

E-Money Risk Management 

We have seen European regulators requiring E-Money Firms (“EMI”) to implement and maintain robust risk management and governance processes and procedures for the maintenance of their risk profiles and control environment.

Article

The European Banking Authority Final Guidelines on Loan Origination and Monitoring

The European Banking Authority (EBA) published its final Guidelines on
Loan Origination and Monitoring on the 29 May 2020.

The final Guidelines form part of the response to the European Union’s Action Plan regarding high levels of non-performing exposures witnessed throughout the global financial crisis (GFC) with non-performing loan (NPL) ratios remaining at pre-GFC levels in some countries at present.

Article

Financial services: Managing risk to get fit for a digital future

Financial services firms need to manage digital risk, to deliver a better customer experience, make firms fit for the future, and to create a more resilient financial services ecosystem.

Article

Wholesale Conduct Risk Management 

This article will discuss the key elements of managing risk through a Wholesale Market Conduct Risk Framework and the challenges and opportunities faced by businesses that will seek to enhance how they will do so. 

Article

Culture in the Financial Sector - Why is it important?

Risk Powers Performance

The concept of culture in the financial sector has been on the radar for international regulators for many years and continues to be a focus area on the supervisory agenda for the Central Bank of Ireland ("CBI").

Perspectives

Building world-class ethics and compliance programs

Five ingredients to meet global expectations