The Central Bank of Ireland has commissioned a comprehensive review of its enforcement activities, examining effectiveness, efficiency, and transparency in light of the evolving financial system. Simultaneously, new regulations establish the 2026 levy framework for regulated entities, while the Department of Finance seeks public input on implementing EU crisis management and deposit insurance reforms.
IrelandFinance and Banking
This week’s edition of the FIG Top 5 at 5
1. Central Bank commissions independent review of its enforcement activities
On 22 July 2026, the Central Bank of Ireland (“Central Bank”) published the terms of reference (“ToR”) for a review (“Review”) of its enforcement activities. The Governor of the Central Bank, Gabriel Makhlouf, commissioned the Review in light of various factors, such as, the increase in size, complexity and interconnectedness of the financial system over the last ten years, alongside changes in the regulatory and legislative frameworks. Additionally, the ToR reference the need for the Review, considering the Central Bank’s own changes to its approach to regulation and supervision and to its enforcement framework and processes.
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