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ARTICLE · 04 APRIL 2024

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On 8 March 2024, the Deputy Governor of the Central Bank of Ireland ("Central Bank"), Vasileios Madouros, respondedOpens in new window to a request for a submission...

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1. Central Bank of Ireland's pre-legislative scrutiny submission on the Access to Cash Bill 2024

On 8 March 2024, the Deputy Governor of the Central Bank of Ireland ("Central Bank"), Vasileios Madouros, responded to a request for a submission from the Central Bank as part of pre-legislative scrutiny of the General Scheme of the Access to Cash Bill 2024 ("Bill").

In the response, the Deputy Governor highlighted how the Central Bank, overall, welcomed the Bill, and expressed the Central Bank's views on five specific elements of the proposed legislation:

  • Stakeholder responsibilities – the Central Bank welcomed the obligations placed directly on stakeholders within the cash system, noting the collective responsibility on all cash cycle participants to ensure that reasonable access for consumers in Ireland is maintained. The Central Bank also noted that while the access to cash criteria may temporarily not be met in certain areas, and operational disturbances

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