Financial Regulatory

Credit unions will no longer have to pay into two safety net funds after a government review concluded their current assets are "sufficient for now". Paschal Donohoe, the finance minister, today announced the government's intention to "pause the collection of levies in relation to the resolution and

Key senior personnel have been appointed to the National Automatic Enrolment Retirement Savings Authority (NAERSA) ahead of the establishment of the pension auto-enrolment scheme next year. Dara Calleary, the minister for social protection, today announced the appointment of Dermot Griffin as the CE

The Central Bank of Ireland has announced "targeted but significant changes" to the regulatory lending framework for credit unions. The changes are intended to allow the sector increased scope to provide house and business lending to their members and follow an evidence-based review of credit union

Ireland should press for a change in EU legislation to allow central banks to refuse to facilitate the sale of Israeli bonds, an Oireachtas committee has recommended. The Oireachtas joint committee on finance, public expenditure, public service reform and digitalisation, and Taoiseach has made 15 re

The Central Bank of Ireland has appointed Colm Kincaid as deputy governor for consumer and investor protection. Mr Kincaid, a qualified solicitor who practised with firms in London and Dublin prior to joining the Central Bank in 2004, will take up the senior leadership post from 1 August 2025.

Matheson has acted for global crypto platform Kraken in its successful application to the Central Bank to become Ireland's first authorised crypto-asset service provider. Having secured authorisation under the Markets in Crypto-Assets Regulation (MiCAR), Kraken can now offer fully-regulated crypto s

A credit union in Co Donegal has been fined more than €36,000 for breaches of anti-money laundering requirements, the Central Bank has announced. Swilly Mulroy Credit Union has admitted breaching the requirements of the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 and th

Nearly a third of Irish financial services firm are not yet prepared to implement the Central Bank's revised Consumer Protection Code, a survey by Mason Hayes & Curran suggests. The business law firm surveyed over 330 industry professionals at a recent webinar ahead of the revised code coming in

The Central Bank of Ireland is facing the prospect of a High Court battle over its failure to ban the marketing, distribution and sale of Israeli bonds amid claims that investors could be complicit in genocide in Gaza. A letter seen by Irish Legal News was sent to the bank's governor earlier this we

Derville Rowland, deputy governor for consumer and investor protection at the Central Bank of Ireland, has been appointed to the executive board of the EU's newly-established Anti-Money Laundering Authority (AMLA). Ms Rowland, a qualified barrister, will leave the Central Bank in order to take up th

Legislation banning the Central Bank of Ireland from facilitating the sale of Israeli bonds across the European Union has been proposed by Sinn Féin. The Restricted Financial Measures (State of Israel) Bill 2025 was introduced in the Dáil yesterday by Sinn Féin's finance spokesp

The Central Bank has concluded a 15-year long probe into the now defunct Irish Nationwide Building Society (INBS). The written decision of the INBS Inquiry has been published on the Central Bank’s website today along with a market commentary on the outcome.

Legislation aimed at protecting "access to cash" across the State has been approved by the Oireachtas. The Finance (Provision of Access to Cash Infrastructure) Bill 2024 will require designated retail banks to meet certain prescribed levels of access to ATMs and cash service points in every region.

A public consultation has been launched on legislation to modernise and strengthen Northern Ireland's credit union sector. The Credit Union (Modernisation and Reform) Bill was "co-designed" by the Irish League of Credit Unions and the Ulster Federation of Credit Unions alongside the Department for t

Technical changes to the legislation underpinning the Financial Services and Pensions Ombudsman (FSPO) in light of a landmark Supreme Court ruling have been approved by the Oireachtas. The Financial Services and Pensions Ombudsman (Amendment) Bill 2023 was introduced in response to the Zalewski ruli