In a recent industry letter, the Central Bank specified good and bad practices in the identification, management and mitigation of market conduct risk by wholesale market firms.
Conduct risk is high on the regulatory agenda with the Central Bank intending to focus, as part of its 2020 supervisory work programme, on:
- the ability of firms to identify market conduct risk,
- the extent to which firms are sufficiently well controlled, to govern wholesale market conduct risk, and
- the flow and escalation of conduct-specific information within and across regulated entities and groups.
We have prepared a full analysis of the Central Bank’s conduct risk expectations along with the good/bad industry practices it has identified. Click on the image below to download our analysis.
Recommended Insights
Article and Insights
1
Nov 2024
We are delighted to announce that Stephen Keogh has formally taken up the role of ...
Managing Partner
Stephen Keogh
Article and Insights
1
Nov 2024
On 31 October 2024, the Minister of State for Trade Promotion, Digital and Company...
Partner
Barry Scannell
Article and Insights
29
Oct 2024
William Fry's Financial Regulation team examines key themes highlighted by the Cen...
Partner
Shane Kelleher
Article and Insights
5
Nov 2024
The Government has approved and published the Terms and Conditions for Ireland's s...
Partner
Fergus Devine
Article and Insights
25
Oct 2024
William Fry is pleased to have acted as lead Irish counsel to Grant Thornton Advis...
Partner
Ivor Banim
Article and Insights
24
Oct 2024
Privy Council decision on arbitration agreements in insolvency cases.
Partner
Ruairi Rynn
prev
next