FIG Top 5 At 5 - 17/04/2025

1. Central Bank publishes consultation paper on amendments to the Fitness and Probity Regime

On 10 April 2025, the Central Bank of Ireland ("Central Bank") launched a consultation ("CP 160") on revisions to its Fitness and Probity ("F&P") Regime. CP 160 comes on foot of the recommendations made in the Enria report, following Mr Andrea Enria's independent review of the Central Bank's F&P assessment process, the results of which were published in July 2024. For more information on the Enria report, see FIG Top 5 at 5 dated 18 July 2024

Structure

In line with recommendations made by the Enria Report, the Central Bank is consolidating all the guidance into a single document and, in addition, is introducing a number of enhancements to its existing Guidance on the F&P Standards ("Revised Guidance"). The Revised Guidance provides a clear, transparent and comprehensive articulation of the overall framework for the assessment of F&P of relevant roles.