Muireann Reedy examines the potential implications of the Central Bank's powers for those involved in the management of regulated entities.

The Central Bank of Ireland has on September 13, 2016 published Cross Industry Guidance in respect of Information Technology and Cybersecurity Risks.

In October 2014, the OECD announced that over fifty jurisdictions had committed to the mutual exchange of information between tax authorities, termed the Common Reporting Standard.

The FATCA is US legislation designed to enable the IRS to obtain information about the income of US persons from financial institutions outside the US.

Following on from its third and final consultation on Fund Management Company Effectiveness Managerial Functions, Operational Issues and Procedural Matters ("Third Consultation") issued in June 2016...

We continue to see life settlements (in particular, relating to life policies insured on US citizens residing in the US) as an increasingly popular asset class.

This Memorandum sets out the provisions in relation to Master-Feeder Fund structures stemming from the European Commission Directive 2009/65/EC, commonly referred to as the UCITS IV Directive, (the "Directive") and implementing Directive 2010/42/EU (the "Implementing Directive") which have been implemented into Irish law by the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 (the "UCITS Regulations").

On 1 September 2011 the Central Bank published its Regulations and Standards of Fitness and Probity, pursuant to its powers under Part 3 of the Central Bank Reform Act 2010, together with Draft Guidance on Fitness and Probity Standards.

In response to the shift from a principles to a rules-based regulatory approach and the increased use of enforcement actions by Irish regulators and similar bodies, we have developed a dynamic cross-disciplinary Regulatory and Administrative Sanctions Unit, made up of specialists operating in our financial services, litigation and regulatory and compliance teams.

The current Credit Institutions (Financial Support) Scheme 2008 provides that the Minster for Finance of Ireland (the "Minister") will guarantee certain types of liabilities ("covered liabilities") of participating named institutions ("covered institutions") for the period 30th September, 2008 – 29th September, 2010 inclusive (the "CIFS Scheme").

On 1 September 2011 the Central Bank of Ireland (the "Central Bank") published its Fitness and Probity Standards (Code issued under Section 50 of the Central Bank Reform Act 2010) (the "Standards"), together with Draft Guidance on Fitness and Probity Standards (the "Draft Guidance").

In general, the prosecution of a multi-jurisdictional concealed asset recovery investigation involves both extra-judicial and judicially assisted investigative procedures.

The Central Bank (Supervision and Enforcement) Bill, 2011 (the "Bill") was initiated on 28 July, 2011.

Where an AIF is a collective investment scheme authorised and supervised by the Central Bank of Ireland, Irish legislation that governs the establishment and operation of a collective investment...