FIG Top 5 At 5 - 21/09/2023

1. Minister McGrath publishes the Government's Financial Consumer Protection Roadmap and the Consumer Banking Sentiment Survey for 2023

On 13 September 2023, Minister McGrath published the Government's Financial Consumer Protection Roadmap ("Roadmap").

The stated aim of the Roadmap is to ensure a coordinated focus on supporting and protecting consumers in the rapidly changing financial services and banking environment. The Government is seeking to promote innovation within the sector, while also ensuring stability and adequate consumer protection. The Roadmap details recent developments and some ongoing and future planned work which will take place over the next few years.

The Roadmap begins by detailing the G20/OECD High-Level Principles on Financial Consumer Protection ("Principles"), the agreed benchmark for OECD Member States, which were updated in 2022 and adopted on 12 December 2022 by OECD Governments including Ireland. Ireland's commitment to these