Financial Services Regulation & Compliance - Banking May 2018

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Domestically, the Department of Business, Enterprise and Innovation published its First Quarter Report on SME Credit Guarantee Scfheme. On the European front, the European Central Bank (ECB) has published a guide to clarify how it assesses the suitability of management committees of significant credit institutions that fall under its direct supervision. It has also set its approach to UK

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Financial Services Regulation & Compliance - Funds May 2018

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On the domestic front, the CBI published the Thirtieth Edition of its AIFMD Q & A and the Irish Funds GDPR Working Group published its fourth bulletin which outlines industry discussion on GDPR with the Data Protection Commissioner, Helen Dixon. On the European front, The European Commission issued draft amending regulations in respect of safekeeping duties of depositaries for AIFs.....

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Financial Services Regulation & Compliance - Insurance May 2018

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On the Domestic front the Central Bank published a Policy Notice, Handbook and Guidance on third-country branches, the cost of the Insurance Working Group published its latest quarterly update and there was a public consultation on the feasibility of an insurance claim-by-claim register. From a European perspective, the European Commission has proposed changes to the Motor Insurance Directive...

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Financial Services Regulation & Compliance - Investment Firms May 2018

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Domestically the CBI issued its Second Consultation Paper on the Corporate Governance Requirements for investment firms and market operators. From a European perspective, the European Securities and Markets Authority (ESMA) has launched its bond liquidity assessment system under MiFID II and the European Supervisory Authority (ESA) has called for responses to questions relating to EMIR C

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Financial Services Regulation & Compliance - Cross Sectoral May 2018

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On the domestic front the CBI published a Consultation on Potential Amendments to the Fitness and Probity Regime for Credit Unions. The Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Bill 2018 has passed the second stage in the Dáil and was referred to the Select Committee on Justice and Equality for Committee stage. From a European perspective, on 14 May the council adopt

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