Financial Services Regulation and Compliance - Banking and Payments December 2024

Jan 2025

article

Domestically, the Central Bank of Ireland published new Frontier Statistics. At European level, implementing technical standards under the Capital Requirements Regulation were published in the Official Journal of the EU.

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Closing the gap – EIOPA and ECB announce proposals to close insurance protection gap

Jan 2025

Article

The European Insurance and Occupational Pensions Authority (EIOPA) has been sounding the alarm for several years in relation to a “natural catastrophe insurance protection gap” throughout the EU.

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Commencement of the Irish FDI Screening Regime

Jan 2025

Article

On 6 January 2025, Ireland commenced the screening of foreign direct investments under the Screening of Third Country Transactions Act 2023 (the Irish Screening Act).

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EU public markets: legislative reforms

Dec 2024

Article

The EU's Listing Act package was first proposed in 2022 as part of reforms to the EU's Capital Markets Union.

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Central Bank enforcement on safeguarding – BlueSnap Payment Services Ireland Limited

Dec 2024

Article

The CBI recently reprimanded and fined BlueSnap for contraventions of the European Union (Payment Services) Regulation 2018 (PSR 2018) between 1 January 2021 and 1 December 2022.

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Financial Services Regulation and Compliance - Cross Sectoral and Other November 2024

Dec 2024

Article

Domestically, the Minister for Finance gives effect to EU regulation on Markets in Crypto-Assets. At European level, the ESAs announce timeline to collect information for the designation of critical ICT third-party service providers under DORA.

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Financial Services Regulation and Compliance - Investment Firms November 2024

Dec 2024

Article

At European level, the Listing Act package is published in the Official Journal and ESMA publishes advice on the CSDR Penalty Mechanism and consults on conditions of the active account requirement.

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Financial Services Regulation and Compliance - Insurance November 2024

Dec 2024

Article

Domestically, new legislation will require motorists to provide a driver number when taking out motor insurance. At European level, EIOPA publishes its final report on prudential treatment of sustainability risks within Solvency II.

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Financial Services Regulation and Compliance - Funds November 2024

Dec 2024

Article

Domestically, the CBI updates its filing process to implement ESMA’s guidelines on funds’ names using ESG or sustainability-related terms. At European level, ESMA published a response to the EU Commission consultation on non-bank financial intermediation.

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Financial Services Regulation and Compliance - Banking and Payments November 2024

Dec 2024

Article

Domestically, the CBI publishes the Central Credit Register data management review. At European level, the EBA consults on guidelines on proportionate retail diversification methods and publishes methodologies for the 2025 EU-wide stress test.

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