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Article
Financial Services Regulation and Compliance - Banking June 2020
Domestically, the CBI published its first Financial Stability Review of 2020, which was coloured by the impact of COVID-19; At European level, the EBA published a number of regulatory technical standards relating to own funds requirements and calculation of stress scenario risk measures under CRR2.
Financial Regulation -
Article
Financial Services Regulation and Compliance - Insurance June 2020
Domestically, the CBI has published guidance for retail intermediaries on the requirement to hold professional indemnity cover, and has launched a consultation paper on regulations for pre-emptive recovery planning for (re)insurers; At European level, It has also launched a consultation on (re)insurance value chain and new business models arising from digitalisation.
Financial Regulation -
Article
Financial Services Regulation and Compliance - Funds June 2020
Domestically, the CBI has created a section on its website with information on the Central Beneficial Ownership Register for Certain Financial Vehicles; At European level, ESMA has made proposals regarding the pricing process for UCITS and AIFs; the European Commission has published draft delegated acts on the integration of sustainability risks and factors into the UCITS and AIFMD frameworks...
Financial Regulation -
ArticleCOVID-19: Irish competition agency says businesses must decide pricing independently
On 1 July 2020, as the Irish economy was re-opening after the COVID-19 lockdown, Ireland's Competition and Consumer Protection (CCPC) warned businesses to act independently when setting prices and charges.
COVID-19 -
Article
Greening of Public Procurement
It comes as no surprise that the Programme for Government agreed by Fine Gael, Fianna Fáil and the Green Party (the Programme) features green elements across a variety of policy headings.
EU, Competition & Procurement -
Article
State aid inequalities may curb recovery
You reap what you sow. What will be the consequences of countries across the EU pumping trillions of euro into businesses because of the Covid Crisis? What are the lessons which we should learn and apply?
EU, Competition & Procurement -
publicationLooking Forward: Updated guidance for employers on the Job Retention Scheme and Return to Work
On the first 1 July the UK Government implemented its Flexible Furlough Scheme in an effort to accommodate the re-opening of businesses across the UK.
COVID-19 Belfast -
publication
Department of Finance Consultation paper on the Investment Firms Directive
Investment firms will be aware that we are twelve months away from the implementation of the Investment Firms Directive and the Investment Firms Regulation...
Disputes -
publication
Sectoral wage setting declared unconstitutional - Back to the drawing board?
The High Court has upheld a claim brought by the National Electrical Contractors of Ireland...
Employment -
Article
Unit Trust and ICAV register of beneficial ownership
The next step has been taken to establish a Central Register of Beneficial Ownership of Irish Collective Asset-management Vehicles and Unit Trusts. The Central Bank of Ireland (CBI) is expected to establish the Register of Beneficial Ownership of Irish Collective Asset-management Vehicles and Unit Trusts under Irish legislation that came into effect on 25 June 2020.
Asset Management & Investment Funds -
publication
ESG in 2020: What’s relevant for UCITS Managers and AIFMs? Updated 1 July
A look at ESG-related policy, regulatory and legislative developments at EU level and their relevance for the asset management and investment funds sector.
Asset Management & Investment Funds -
Article
EDPB’s register of one-stop-shop decisions now live
The register of one-stop-shop decisions is now live on the EDPB website. It contains access to summaries and final decisions adopted by the Lead Supervisory Authorities (LSAs), working together with other concerned authorities.
Commercial & Technology