Live Updates
🇮🇪

Consumer Protection / Conduct in Ireland

Consumer Protection / Conduct regulatory updates from Ireland.

🇮🇪 All Ireland updates All Consumer Protection / Conduct updates globally 48 updates
🇮🇪 CBI Enforcement medium

Speech by Gerry Cross, Director, Capital Markets and Funds, Central Bank of Ireland at Compliance Institute AGM - Supervising for success: some themes for a time of change

Introduction Good morning and thank you to Michael for inviting me to speak at the Compliance Institute’s Annual General Meeting. It is always a real pleasure to engage with compliance professionals. At the Central Bank, we recognise the essential role played by the compliance community in ensuring that financial firms are well-run and contributing to a financial system that is trusted and resilient. We also recognise the important role played by the compliance institute, equipping those work...

AI Analysis

This speech by Gerry Cross, Director of Capital Markets and Funds at the Central Bank of Ireland (CBI), outlines key supervisory priorities including securing customers' interests via the revised Consumer Protection Code, Individual Accountability Framework (IAF) implementation, regulatory simplification, resilience, technology leverage, and an evolving outcomes-focused supervision approach. It matters because it signals CBI's expectations for compliance professionals to drive these outcomes in firms, emphasizing proportionality and ongoing engagement amid regulatory evolution. Compliance teams must integrate these themes to align with CBI's shift toward less process-driven, more effective oversight. #

Sectors:
Investment ManagementCapital Markets & TradingBanking & Credit
Topics:
Consumer Protection / ConductSenior Managers / GovernanceOperational Resilience / Outsourcing
Asset ManagerBankAll Firms
View Original
🇮🇪 CBI Warning high

Central Bank of Ireland Issues Warning on Unauthorised Firm – Fraudulent entity clones details of Irish registered company, Solunar Finance Holdings Limited

Solunar Finance Holdings Limited (Clone) – Central Bank of Ireland Issues Warning on Unauthorised Firm

Sectors:
Banking & CreditInvestment ManagementWealth & Private Banking
Topics:
Consumer Protection / ConductAuthorisation & LicensingOperational Resilience / Outsourcing
BankWealth ManagerFintech
View Original
🇮🇪 CBI Enforcement high

Public statement relating to Enforcement Action between Central Bank of Ireland and Philip Smith

Mr Philip Smith, former Chief Executive Officer (CEO) and Executive Director of RSA Insurance Ireland DAC disqualified for 13 years by the Central Bank of Ireland for his admitted participation in a breach of financial services law by RSAII On 1 December 2025 the Central Bank of Ireland reprimanded Mr Smith and disqualified him for 13 years from being a person concerned in the management of a regulated financial service provider for his participation in a breach by RSA Insurance Ireland DAC (...

AI Analysis

The Central Bank of Ireland (CBI) reprimanded and disqualified former RSA Insurance Ireland DAC (RSAII) CEO Philip Smith for 13 years from management roles in regulated financial service providers due to his admitted role in under-reserving large loss claims, breaching Article 13(1)(a) of the European Communities (Non-Life Insurance) Framework Regulations 1994 (S.I. No. 359/1994). This enforcement action underscores CBI's commitment to individual accountability for senior executives who circumvent controls, risking policyholder protection and firm solvency, as evidenced by RSAII's subsequent need for a major capital injection. It matters for compliance professionals as it demonstrates CBI's use of prolonged disqualifications and inquiries under the Administrative Sanctions Procedure (ASP) to deter governance failures in insurance firms. #

Sectors:
Insurance & Pensions
Topics:
Senior Managers / GovernanceConsumer Protection / Conduct
InsuranceAll Firms
View Original
🇮🇪 CBI News

The Digital Euro: shaping the future while preserving trust

In this blog, Governor Gabriel Makhlouf writes about the development of the Digital Euro and how central banks foster trust and safety in the financial system and in the implementation of projects like the Digital Euro.

Sectors:
Banking & CreditPayments & E-MoneyCrypto & Digital Assets
Topics:
Consumer Protection / ConductPrudential / Capital RequirementsTechnology & Cyber
BankFintechCrypto Exchange
View Original
🇮🇪 CBI Consultation high

Central Bank of Ireland launches Access to Cash consultation

The Central Bank of Ireland has today (5 December) launched a public consultation on the implementation of our new Access to Cash responsibilities. Deputy Governor Vasileios Madouros said: “Amid a rapidly evolving payments landscape, the Central Bank of Ireland is committed to making sure that cash continues to be readily available as a means of payment. Today’s consultation is an important step towards the implementation of the Central Bank’s new responsibilities under the Access to Cash leg...

AI Analysis

The Central Bank of Ireland has launched a public consultation on implementing new **Access to Cash** responsibilities under the Finance (Provision of Access to Cash Infrastructure) Act 2025, which commenced on 30 June 2025. This consultation addresses two critical areas: identifying local deficiencies in cash infrastructure and establishing minimum ATM service standards. The initiative reflects regulatory commitment to ensuring cash remains readily available as payment preferences shift toward digital channels.

Sectors:
Banking & CreditPayments & E-Money
Topics:
Consumer Protection / ConductOperational Resilience / OutsourcingReporting & Disclosure
BankPayment Provider
View Original
🇮🇪 CBI Warning high

Deutsche Bank Wealth Management (CLONE) / Deutsche Bank AG (CLONE) / DB UK Bank Limited (CLONE) - Central Bank of Ireland Issues Warning on Unauthorised Firm

Deutsche Bank Wealth Management (CLONE) / Deutsche Bank AG (CLONE) / DB UK Bank Limited (CLONE) - Central Bank of Ireland Issues Warning on Unauthorised Firm

Sectors:
Banking & CreditWealth & Private Banking
Topics:
AML / Financial CrimeConsumer Protection / ConductAuthorisation & Licensing
BankWealth Manager
View Original
🇮🇪 CBI Consultation high

Credit Reports now available

Following a satisfactory review of the data submitted by banks and credit unions, to the Central Credit Register, the initial enquiry phase has now commenced. This means that from today borrowers and lenders can request a copy of credit reports from the Central Credit Register. Data on mortgages, personal loans, credit cards and overdrafts, which is backdated to 30 June 2017, is live on the system and is incorporated into credit reports. From 30 September 2018 it will be compulsory for credit...

Sectors:
Banking & CreditConsumer CreditMortgage & Lending
Topics:
Reporting & DisclosureConsumer Protection / ConductAuthorisation & Licensing
BankPayment ProviderAll Firms
View Original