FIG Top 5 At 5 – 14/05/2026

This week’s edition of the FIG Top 5 at 5

1. Deputy Governor McMunn delivers speech focused on capital, competition and complexity at BPFI event

On 7 May 2026, Deputy Governor for Financial Regulation at the Central Bank of Ireland (“Central Bank”), Mary-Elizabeth McMunn, delivered a speech (“Speech”) at a Banking and Payments Federation of Ireland event, focused on what she referred to as the “3 Cs”, being, capital, competition and complexity.

The Deputy Governor set the scene by briefly discussing the current risk environment, highlighting the way that rapid change is reshaping economies, the financial system and the risk landscape and in that regard she referenced the Central Bank’s February 2026 Regulatory and Supervisory Outlook (“RSO”) – for more information, see FIG Top 5 at 5 dated 5 March 2026. Noting the previously demonstrated resilience of the banking sector, she emphasised that a continued response is required, characterised by financial and operational resilience,