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ARTICLE · 19 JUNE 2023

FIG Top 5 At 5 - 08/06/2023

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On 1 June 2023, Gerry Cross, Director of Financial Regulation, Policy & Risk at the Central Bank of Ireland ("Central Bank") delivered a speech entitled "The Individual Accountability...

IrelandCorporate/Commercial Law
Matheson LLP
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1. Gerry Cross Speech – "The Individual Accountability Framework: What it Means for Directors"

On 1 June 2023, Gerry Cross, Director of Financial Regulation, Policy & Risk at the Central Bank of Ireland ("Central Bank") delivered a speech entitled "The Individual Accountability Framework: What it means for Directors" at an event hosted by the Institute of Directors.

The Director began by reiterating the background to the introduction the Individual Accountability Framework ("IAF"), outlined its four key pillars and then addressed some key themes of relevance to directors. The following is a summary of some of the Director's comments on those key themes:

Design and Implementation of the IAF

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