The Central Bank’s recently published report “Behaviour and Culture in Irish Retail Banks” contains proposals for greater accountability of senior individuals in banks, insurance firms and MiFID investment firms. William Fry’s Financial Regulation Unit in a recent briefing analyses the proposed individual accountability framework and in particular looks at the following four pillars of the framework: conduct standards; senior executive accountability regime; streamlined enforcement processes; and stronger fitness and probity requirements.
Read the full briefing here or click on the image below.
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