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ARTICLE · 24 JULY 2026

FIG Top 5 At 5 – 16/07/2026

Matheson
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The European Union's sixth Capital Requirements Directive introduces significant changes to third-country undertakings providing banking services in the EU, requiring branch establishment by January 2027. Ireland's Central Bank advances its innovation agenda through AI-focused regulatory engagement, while EIOPA publishes comprehensive guidelines on insurance recovery and resolution frameworks.

IrelandFinance and Banking
Darren Maher
Darren Maher
Joe Beashel
Joe Beashel
Gráinne Callanan
Gráinne Callanan
Caroline Kearns
Caroline Kearns
Elaine Long
Elaine Long
Niamh Mulholland
Niamh Mulholland
Ciaran O'Boyle
Ciaran O'Boyle
Ian O'Mara
Ian O'Mara
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1. CRD VI Irish transposing legislation is published

On 14 July 2026, the European Union (Capital Requirements) (Amendment) Regulations 2026 (“Transposing Regulations”) were published. The Transposing Regulations amend the European Union (Capital Requirements) Regulations 2014 (S.I. No. 158 of 2014) (“Principal Regulations”), giving effect to the EU’s sixth Capital Requirements Directive (“CRD VI”).

CRD VI, which came into force on 9 July 2024, incudes significant changes to the treatment of third- country undertakings (“TCU”) providing services to persons in the EU, specifically, article 21c as regards the requirement to establish a branch in a relevant member state where certain core banking services are provided.

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