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ARTICLE · 03 AUGUST 2026

FIG Top 5 At 5 – 23/07/2026

Matheson
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The Central Bank of Ireland has published a consultation on proposed refinements to the domestic actuarial regime under Solvency II, while the European Commission adopted a communication addressing competitiveness challenges in the EU banking sector. EIOPA completed its Solvency II review mandate by publishing the final set of guidelines and technical standards for the amended framework.

IrelandFinance and Banking
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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This week’s edition of the FIG Top 5 at 5

1. Central Bank publishes consultation on amendments to DAR and related governance requirements under Solvency II

On 20 July 2026, the Central Bank of Ireland (“Central Bank”) published a consultation paper (“CP171”) on proposed refinements to the domestic actuarial regime and related governance requirements under Solvency II (“DAR”), together with corresponding guidance.

CP171 aims to gather the views of stakeholders on updates to the regulatory framework governing how (re)insurance undertakings manage their actuarial functions and technical provisions, with the Central Bank highlighting that the updates are targeted at “a clearer, simpler and more coherent regulatory framework whilst maintaining and strengthening resilience in the financial system.”

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