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ARTICLE · 20 MARCH 2023

Individual Accountability – CBI Consultation Published And Bill Enacted

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On 9 March 2023, the President of Ireland signed the Central Bank (Individual Accountability Framework) Bill 2022 (the "Bill") into law. See our previous update here for a detailed examination...

IrelandFinance and Banking
Damien Barnaville
Damien Barnaville
Susan Battye
Susan Battye
Nicholas Blake-Knox
Nicholas Blake-Knox
Niall Esler
Niall Esler
Eimear Keane
Eimear Keane
Shane Martin
Shane Martin
Aongus McCarthy
Aongus McCarthy
Conor Daly
Conor Daly
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Background

On 9 March 2023, the President of Ireland signed the Central Bank (Individual Accountability Framework) Bill 2022 (the "Bill") into law. See our previous update here for a detailed examination of the contents of the Bill.

On 13 March 2023, the Central Bank of Ireland (the "CBI") launched its much anticipated consultation paper (available here) on the Individual Accountability Framework (the "Consultation Paper"). The launch of the consultation process, which will run for three months until 13 June 2023, was accompanied by the publication of draft Senior Executive Accountability Regime (SEAR) Regulations (available here) (the "Draft Regulations") and draft guidance on the Individual Accountability Framework (available here) (the "Draft Guidance").

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