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ARTICLE · 12 JULY 2024

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On 1 July 2024, being the commencement date of the Senior Executive Accountability Regime ("SEAR") for certain regulated financial entities, the Financial Risks and Governance Policy Division...

IrelandInsurance
Matheson LLP
Matheson LLP
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1. Central Bank of Ireland publishes Questions from Stakeholders on the Individual Accountability Framework

On 1 July 2024, being the commencement date of the Senior Executive Accountability Regime ("SEAR") for certain regulated financial entities, the Financial Risks and Governance Policy Division of the Central Bank of Ireland ("Central Bank") published the Questions from Stakeholders to address some of the queries raised by stakeholders on the application of the Individual Accountability Framework ("IAF"), components of which include the Common and Additional Conduct Standards ("Conduct Standards"), SEAR, the Administrative Sanctions Procedure and the enhancements to the Fitness and Probity regime.

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