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ARTICLE · 11 MARCH 2025

Central Bank Outlines A New Approach To Supervision

William Fry LLP
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On 28 February 2025, the Central Bank of Ireland (Central Bank) published an overview of the recent supervisory model changes in its ‘Our Approach to Supervision' document.

IrelandFinance and Banking
Shane Kelleher
Shane Kelleher
Louise McNabola
Louise McNabola
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On 28 February 2025, the Central Bank of Ireland (Central Bank) published an overview of the recent supervisory model changes in its 'Our Approach to Supervision' document.

The Central Bank regulates and supervises different financial services sectors of varying sizes, and changes in the financial services industry since the Central Bank introduced (PRISM) as its risk-based supervisory framework in 2011, have necessitated an evolved approach to supervision.

This new approach will include integrated supervision, with multidisciplinary teams working together to deliver the Central Bank's supervisory priorities more effectively.

The supervisory changes will have a significant impact on firms in the future.

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