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ARTICLE · 17 DECEMBER 2024

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On 28 November 2024, Deputy Governor of the Central Bank of Ireland ("Central Bank"), Sharon Donnery, delivered a speechOpens in new window ("Speech") at the Fintech Ireland Summit 2024.

European UnionFinance and Banking

Central Bank Speeches:

1. Deputy Governor of the Central Bank of Ireland, Sharon Donnery delivers speech on regulatory and supervisory perspectives as regards fintech

On 28 November 2024, Deputy Governor of the Central Bank of Ireland ("Central Bank"), Sharon Donnery, delivered a speech ("Speech") at the Fintech Ireland Summit 2024.

While acknowledging the broad reach of technology as regards the financial sector, the Deputy Governor focused on regulatory and supervisory perspectives in relation to fintech. Her commentary included what the Central Bank is coming across and how it is dealing with rapid innovation in the financial sector.

Supervising innovation

The Deputy Governor spoke about the Central Bank's need to remain "technology neutral" when it comes to supervising fintech firms and stated that it approaches the supervision in the same way as all other supervision - focusing on the Central Bank's four safeguarding outcomes of safety

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