Central Bank of Ireland publishes roadmap to deliver a more effective and efficient regulatory framework
Executive Summary
The Central Bank of Ireland published a comprehensive multi-year roadmap on December 10, 2025, aimed at streamlining its regulatory and supervisory framework across four pillars: supervision, regulation, gatekeeping, and reporting. This initiative represents a strategic shift toward more effective and efficient oversight while explicitly maintaining resilience standards and consumer protections, responding to EU calls for regulatory reform to enhance competitiveness.
What Changed
- The roadmap encompasses four major reform areas: Supervision: Implementation of a new integrated, risk-based supervisory approach introduced in January 2025, consolidating multidisciplinary teams and sharpening risk focus with clearer supervisory co
- Insurance: Major compatibility review to eliminate duplication with Solvency II reforms and review of 2021 Recovery Planning Regulations
- Banking: Review of domestic banking rules predating CRD V/CRR to ensure consistency with updated EU standards
- Credit Unions: Updates to the Credit Union Handbook following simplification of the Lending Framework
- Funds: Changes to AIF rulebook and UCITS regulation with full review of the Fund Service Provider Framework
- Cross-sectoral: Updated guidance on operational resilience, outsourcing, and governance
Suggested Considerations
- *Immediate actions for compliance professionals:
- *Monitor consultation releases: Track the Central Bank's website for the 2026 RIA Framework consultation and respond with firm-specific impact assessments
- *Assess rulebook changes: Review how proposed updates to insurance regulations, banking rules, credit union handbook, and fund regulations affect your firm's compliance framework
- *Evaluate supervisory engagement: Understand how the new integrated supervisory model affects your firm's supervisory relationship and reporting lines
- *Prepare for gatekeeping changes: Anticipate enhanced consistency and transparency requirements in authorisation and Fitness & Probity processes
- *Audit reporting obligations: Conduct comprehensive review of all domestic reporting requirements to identify potential duplications that may be eliminated under the discipline-by-design model
Key Dates
Compliance Impact
Urgency: HIGH
Who is Affected
References
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Summary
New report outlines the Central Bank’s approach to more effective and efficient regulatory and supervisory framework, reducing complexity and improving clarity while maintaining resilience and important protections in the system. This work builds on the Central Bank’s strategy to transform regulation and supervision, including the introduction of our new integrated supervisory approach and the improvements made in our gatekeeping processes in recent years. The roadmap sets out a comprehensive...