Overview of the EBA’s final draft regulatory technical standards on the risk retention requirements for securitisations

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As highlighted in our recent insight on CBI financial regulation priorities for 2022, the European Banking Authority (EBA), as expected, has now published its final draft Regulatory Technical Standards (New RTS) specifying the requirements for originators, sponsors and original lenders related to risk retention as laid down in Regulation (EU) 2017/2402 (Securitisation Regulation), as amended by...

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Irish TAC 2021 Annual Report

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The Irish Tax Appeals Commission (TAC) has recently published its 2021 Annual Report providing an insight into the activities and trends in its area of responsibility. The TAC is the first appellate level forum in Ireland for appeals against Irish tax assessments.

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Changes to CBI’s list of PCFs - deadline for impacted PCF roles

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The Central Bank of Ireland (CBI) updated the list of Pre-Approval Controlled Functions (PCFs) under the Fitness & Probity Regime. Regulated Financial Service Providers, which include regulated funds (RFSPs) will need to assess the changes and meet the deadline for impacted in–situ roles by 3 June 2022. 

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Financial Services Regulation and Compliance - Funds Mar 2022

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Domestically, the Irish Funds has met with the CBI on the implications of Russian sanctions. At European level, ESMA has issued a summary of its supervisory and coordination activity in response to the war in Ukraine and a study analysing the performance of actively managed funds.

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Financial Services Regulation and Compliance - Insurance Mar 2022

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Domestically, the CBI has implemented new Insurance Regulations, published the latest issue of its Insurance Quarterly Newsletter and released its latest insurance corporation statistics. At European level, EIOPA has published recommendations on insurance stress test, its February 2022 technical information for Solvency II

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