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What are the national authorities for banking regulation, supervision and resolution in your jurisdiction?
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Which type of activities trigger the requirement of a banking licence?
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Does your regulatory regime know different licenses for different banking services?
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Does a banking license automatically permit certain other activities, e.g., broker dealer activities, payment services, issuance of e-money?
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Is there a “sandbox” or “license light” for specific activities?
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Are there specific restrictions with respect to the issuance or custody of crypto currencies, such as a regulatory or voluntary moratorium?
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What is the general application process for bank licenses and what is the average timing?
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Is mere cross-border activity permissible? If yes, what are the requirements?
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What legal entities can operate as banks? What legal forms are generally used to operate as banks?
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What are the organizational requirements for banks, including with respect to corporate governance?
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Do any restrictions on remuneration policies apply?
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Has your jurisdiction implemented the Basel III framework with respect to regulatory capital? Are there any major deviations, e.g., with respect to certain categories of banks?
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Are there any requirements with respect to the leverage ratio?
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What liquidity requirements apply? Has your jurisdiction implemented the Basel III liquidity requirements, including regarding LCR and NSFR?
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Do banks have to publish their financial statements? Is there interim reporting and, if so, in which intervals?
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Does consolidated supervision of a bank exist in your jurisdiction? If so, what are the consequences?
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What reporting and/or approval requirements apply to the acquisition of shareholdings in, or control of, banks?
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Does your regulatory regime impose conditions for eligible owners of banks (e.g., with respect to major participations)?
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Are there specific restrictions on foreign shareholdings in banks?
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Is there a special regime for domestic and/or globally systemically important banks?
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What are the sanctions the regulator(s) can order in the case of a violation of banking regulations?
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What is the resolution regime for banks?
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How are client’s assets and cash deposits protected?
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Does your jurisdiction know a bail-in tool in bank resolution and which liabilities are covered?
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Is there a requirement for banks to hold gone concern capital (“TLAC”)?
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In your view, what are the recent trends in bank regulation in your jurisdiction?
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What do you believe to be the biggest threat to the success of the financial sector in your jurisdiction?
Ireland: Banking & Finance
This country-specific Q&A provides an overview of Banking & Finance laws and regulations applicable in Ireland.