Central Bank's Programme Of Themed Inspections For 2016

Introduction

On 14 December 2015, the Central Bank of Ireland (the "Central Bank") published its programme of themed inspections (the "Programme"), reflecting its supervisory priorities for 2016 and anticipating areas of emerging risk.

The Programme highlights the areas identified by the Central Bank where it feels regulated entities may need to raise compliance standards.

Overview of the proposed themes

The Programme, which supplements the Central Bank's day to day supervisory work, will focus on 12 areas, building on the supervisory work in 2015 in the areas of cyber-security, operational risk and pricing of investment funds:

• Outsourcing Arrangements – service level agreements and operational arrangements with outsourcing providers for Investment Firms, Fund Managers and Fund Service Providers;