1. What are the national authorities for banking regulation,
supervision and resolution in your jurisdiction?
The European Central Bank (ECB) is now the competent authority
in Ireland for granting banking licenses. All applications for
authorisation are submitted through the Central Bank of Ireland
(Central Bank), which acts as national "gatekeeper" for
the licensing process. The licensing process involves intensive
review by both the Central Bank and ECB to ensure that the
application is in accordance with both EU and national law.
Since the European Single Supervisory Mechanism (SSM) was
introduced in November 2014, the Central Bank has been the home
state prudential regulator for "less significant"
institutions headquartered in Ireland (LSIs), as defined in
accordance with Council Regulation (EU) No 1024/2013 (the SSMR).
The ECB is the primary prudential regulator for "significant
institutions" (SIs) and works alongside the Central Bank
through the Joint
