Financial Regulatory

The Irish government is set to bid for the EU's new Anti-Money Laundering Authority (AMLA) to be headquartered in Ireland. The new EU-wide body is scheduled to become "fully operational" by the beginning of 2024 and to directly supervise financial institutions from 2026.

Legislation paving the way for a new individual accountability framework for the financial services sector has been signed into law. The Central Bank (Individual Accountability Framework) Act 2022 provides for a new senior executive accountability regime (SEAR), which will come into force once the C

Almost all senior banking and financial services professionals believe that financial regulators should take competition and consumer choice into account when formulating regulatory policy, according to a new survey by Mason Hayes & Curran. The business law firm polled more than 150 people at a

New legislation aimed at growing credit union lending has been approved by Senators and will now go before TDs. The Credit Union (Amendment) Bill 2022, published earlier this month, is the first substantive credit union legislation since 2012, which followed the Commission on Credit Unions.

New legislation aimed at growing credit union lending has been published by ministers. The Credit Union (Amendment) Bill 2022 is the first substantive credit union legislation since 2012, which followed the Commission on Credit Unions.

Business law firm Mason Hayes & Curran has launched the latest edition of its compendium of EU securities laws. The book, available free of charge from the firm’s website, contains all EU legal measures in the areas of listing of securities, prospectus obligations, market manipulation and

Offshore law firm Walkers has appointed Aongus McCarthy as a partner in its asset management and investment funds practice group in Ireland. Mr McCarthy, who previously led the investment funds team of an international law firm, advises domestic and international asset managers on the structuring, e

Nearly half of Irish financial services industry leaders believe the UK will rejoin the European Union by 2040, according to a survey by business law firm Mason Hayes & Curran. The firm surveyed around 400 industry leaders attending its financial services insights event last night, which took pl

Hayes solicitors LLP has announced the appointment of Tim Waghorn as partner and head of the firm's banking and financial services offering. The Dublin-based firm said the new appointment would allow the firm to "continue to deliver and enhance our banking service across a diverse range of transacti

Most professionals in Ireland's financial services sector are worried about personal exposure to liability arising from new proposed legislation, according to a survey conducted by business law firm Mason Hayes & Curran LLP. The law firm surveyed almost 200 senior banking and financial services

Dentons has announced the appointment of Matthew Cahill as a banking and finance partner in Dublin — its second such appointment in just over a month. Mr Cahill joins the firm from William Fry, where he is head of structured finance and securitisation and debt capital markets. The announcement

Flynn O'Driscoll has appointed Michael Hanley as a partner and head of a new banking and finance department. The newly-established department will support the firm's corporate M&A teams in delivering an integrated business and financial service to clients.

Bank of Ireland has been fined a record €100.5 million by the Central Bank in connection with the tracker mortgages scandal. It is the latest and largest in a series of fines imposed on major lenders in connection with the scandal, following a €96.7 million fine imposed on AIB Group in Jun

The Central Bank of Ireland has imposed a €1.82 million fine on Danske Bank over inadequacies in its automated monitoring of transactions. The bank was found to be responsible for three breaches of the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010.

Dentons has announced the recruitment of Siobhan Carlin as a banking and finance partner in its Dublin office. Ms Carlin will join the firm in October from William Fry, where she is currently a partner.