On the Domestic Front: Central Bank of Ireland publishes list of ‘Frequently Asked Questions’ on Bank and Investment Firm Resolution Fund and Single Resolution Fund; Opposition Bill on Excessive Variable Mortgage rates passed first legislative stage. On the EU Front: European Banking Authority publishes Discussion Paper on uses of consumer data by financial institutions
Financial RegulationOn the Domestic Front: CBI consults on guidance on the role of Head of Actuarial Function Opposition Bill on Excessive Variable Mortgage rates passed first legislative stage; CBI industry-wide publications on FLAOR and reporting.
FinanceLaura Mulleady, Insurance Partner and Michael Buckley, Associate at A&L Goodbody provide insights into the challenges posed by Solvency II and how they can be overcome. This article was first published in Captive Review Dublin 2016 Report by Pageant Media in May 2016.
Insurance & ReinsuranceOn the International Front we look at AIFMD, AIFMD remuneration guidelines, MMF Regulation, Benchmark Regulation, AML/CTF and Cybersecurity.
Asset Management & Investment FundsOn 17 May 2016, the Council of Europe formally adopted the Network and Information Security (NIS) Directive, a Commission proposal in response to increasing concerns about cyber-attacks and privacy breaches.
Privacy & Data SecurityCRH PLC, Irish Cement Limited and Seamus Lynch v Competition and Consumer Protection Commission (Judgment of Mr Justice Max Barrett delivered on 5th April 2016).
EU, Competition & ProcurementThe Revenue Commissioners have made some small but welcome changes to their guidance notes in relation to the operation of salary foregone and contributory (“buy one get one free”) arrangements via their Approved Profit Sharing Scheme.
Pensions & IncentivesUnder Section 26 of the Data Protection Acts 1988 and 2003, an appeal before the courts is provided for against a decision of the Data Protection Commissioner in relation to a complaint under Section 10(1)(a) of the Acts. The scope and applicable review standard for such an appeal was one of two key issues which came before the Supreme Court in the recent case of Nowak v. The Data Protection Commi
FinTechUnder the Copyright Directive (2001/29/EC) the owner of copyright material has the exclusive right to control any "communications to the public" of their protected works.
FinTechDr Vincent Power, Head of A&L Goodbody’s EU & Competition Group, looks at the potential legal implications arising from Brexit. This article was first published in the Commercial Law Practitioner, May 2016.
BrexitYesterday (May 17) was a busy day of regulatory publications focussing on the current account market. Not only did the Payment Systems Regulator (PSR) publish a policy statement on the application of the Payment Accounts Regulations 2015 in respect of alternative arrangements for switching
FinanceAt the launch of the Workplace Relations Reform in 2011, the Government stated that its goal was to deliver a world class workplace relations system and infrastructure which would be simple to use, independent, cost effective and impartial.
Pensions & Incentives
