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ARTICLE · 03 FEBRUARY 2023

FIG Top 5 At 5 - 26/01/2023

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On 20 January 2023, the Central Bank of Ireland (the "Central Bank") issued a Dear CEO LetterOpens in new window (the "Letter") to Payment and Electronic-Money ("E-money") firms on its findings...

European UnionFinance and Banking
Matheson Asset Management And Investment Funds Group
Matheson Asset Management And Investment Funds Group
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1. Central Bank of Ireland - Dear CEO Letter on its Supervisory Findings and Expectations for Payment and E-Money Firms

On 20 January 2023, the Central Bank of Ireland (the "Central Bank") issued a Dear CEO LetterOpens in new window (the "Letter") to Payment and Electronic-Money ("E-money") firms on its findings and expectations following what it describes as a period of intense supervision of the sector over the last 12 months, on the basis of significant deficiencies identified by the Central Bank in the governance, risk management and control frameworks of some firms in the sector.

The Letter is a follow-up to the Central Bank's December 2021 Dear CEO Letter on its supervisory expectations of the payments and e-money sectorOpens in new window(the "2021 letter"). The Letter

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