Aug 2016

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On the International Front we look at an EU Commission Report for Credit Institutions and Investment Firms on Remuneration Rules, an IOSCO consultation on good practices for the termination of investment funds, an IOSCO report on good practice for CIS fees and expenses and AML/CFT developments.

Aug 2016

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On the Domestic front, we look at some approaching deadlines, a Central Bank H2 Regulatory Service Standards Performance Report on FSP/F&P Authorisation, the resignation of Gareth Murphy as Central Bank Director of Markets Supervision, CP 86- third consultation and an Irish Funds paper on Financial Reporting and Regulatory Disclosure.

Aug 2016

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With the current State aid issues regarding recapitalisation of banks in Italy and the on-going post-Financial crisis rescue of banks across the EU (including Ireland), the Court of Justice has given a preliminary ruling following a reference from a Slovenian court which queried the compatibility of the 2013 Commission Communication on aid to the banking sector in the context of burden-sharing

Aug 2016

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Will the Brexit Crisis be resolved? The good news is that ultimately the current crisis will be resolved to a greater or lesser extent.

Aug 2016

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The Companies (Accounting) Bill (the Accounting Bill) was published earlier today. When enacted and in force, the Accounting Bill will transpose into Irish law the Accounting Directive (Directive 2013/34/EU (as amended) on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings), as amended (the Accounting Directive).

Aug 2016

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Dr. Vincent Power, Partner, A&L Goodbody reviews the European Union State Aid law relating to ports in an article published in the Journal of International Maritime Law ("European Union State Aid Law and Ports" (2016) 22 Journal of International Maritime Law 179-195). It is imperative that shipping companies, port companies and EU Member States comply with State aid law so this article explains ho

Aug 2016

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On the Domestic Front: Central Bank of Ireland welcomes IMF assessment of the stability of the Irish financial sector; Central Bank of Ireland publishes third quarterly bulletin of 2016. On the EU Front: Department of Finance Public Consultation on Financial Institutions Levy closes 8 July 2016; Central Bank of Ireland publishes a 10 Step Guide for Micro and Small Enterprises and Guarantors

Aug 2016

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On the Domestic Front: Central Bank publishes Market Abuse Rules. On the EU Front: UCITS V Regulation; AIFMD Passport.

Aug 2016

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On the Domestic Front: Irish Minister for Finance launches public consultation on the transposition of the Markets in Financial Instruments Directive (MiFID II) and the Markets in Financial Instruments Regulation (MiFIR); Central Bank of Ireland publishes review finding that investment firms often go beyond requirements for client reporting.

Aug 2016

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On the Domestic Front: Central Bank of Ireland issues second Tracker Mortgage Examination status update; Central Bank of Ireland publishes Addendum to the Consumer Protection Code relating to variable rate mortgage holders. On the EU Front: European Banking Authority publishes final draft Regulatory Technical Standards on the separation of payment card schemes and processing of entities; European