Central Bank (Individual Accountability Framework) Bill 2021: Pre-legislative Scrutiny Recommendations

The much-anticipated legislation introducing an Individual Accountability Framework in Ireland passed another important stage in the legislative process in April 2022. The Oireachtas Joint Committee on Finance, Public Expenditure and Reform and Taoiseach (Committee) published its Report on Pre-Legislative Scrutiny of the general scheme of the Central Bank (Individual Accountability Framework) Bill 2021 (the General Scheme) in April 2022. The Committee's review of the General Scheme considered the views of the Minister for Finance and senior officials of the Central Bank of Ireland (CBI), as well as submissions from various groups in the financial services sector, such as the Irish Banking Culture Board.