Individual Accountability Series - Part 3 - Senior Executive Accountability Regime

INTRODUCTION

In the run-up to the Central Bank's expected Summer 2022 consultation on its proposed individual accountability framework, this is the third in a new series of client briefings on what steps firms should be taking now to prepare for the Central Bank's individual accountability framework which is expected to come into effect in early 2023.

Our recent briefings on actions that can be taken by firms to prepare for the conduct standards pillar and the fitness and probity reforms pillar of the Central Bank's individual accountability framework are available here and here.

Our previous briefing on the heads of bill on individual accountability published in July 2021 is available here.