European Commission issues REPowerEU Plan

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The REPowerEU Plan (the Plan) was issued by the European Commission on 18 May 2022. The Plan responds to the disruption in the global energy market caused by Russia's invasion of Ukraine, by seeking to rapidly reduce the EU's dependence on Russian fossil fuels and speeding up the oncoming green transition.

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Financial Services Regulation and Compliance - Insurance May 2022

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In domestic news, the Insurance (Miscellaneous Provisions) Bill 2022 was scheduled for report and final stages in the Dáil. The CBI published updated Q&A on the Insurance Regulations 2022 and the Department of Finance published its feedback statement on its Public Consultation on the Development of a National Resolution Framework for (re)Insurers.

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Financial Services Regulation and Compliance - Banking May 2022

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In domestic news, on 17 May 2022, the Central Bank of Ireland (CBI) met with the CEOs of the five main retail banks in Ireland to discuss the large scale migration of customer bank accounts, and the actions necessary to ensure this activity happens in line with customer needs and expectations.

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