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ARTICLE · 26 JULY 2024

FIG Top 5 At 5 - 18/07/2024

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On 11 July 2024, the Central Bank of Ireland ("Central Bank") publishedOpens in new window the independent review ("Review") of its Fitness and Probity ("F&P") regime.

IrelandFinance and Banking
Matheson LLP
Matheson LLP
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1. The Central Bank of Ireland publishes the Review of the Fitness and Probity Regime

On 11 July 2024, the Central Bank of Ireland ("Central Bank") publishedOpens in new windowthe independent review ("Review") of its Fitness and Probity ("F&P") regime. The Review was carried out by the former Chair of ECB Supervisory Board, Mr Andrea Enria at the request of Governor George Makhlouf.

The Review was considered necessary as the implementation of the F&P framework is over a decade old and it was considered timely to review it to ensure, as the regulatory landscape evolves, that the existing gatekeeping process remains relevant, effective and in line with international supervisory and industry best practices. The F&P framework plays an important role in promoting sound governance, effective risk management and public trust in the financial sector.

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