Financial Regulatory

TRAction’s reporting services include data validation and data enrichment to ensure that errors are identified in client submissions are resolved and the file format meets requirements, prior to submitting data to the Trade Repository (TR). There can be the odd occasion however where we receiv

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

Revolut has been ordered by Lithuania's central bank to pay a €3.5 million fine for deficiencies in its anti-money laundering (AML) processes, its largest financial penalty to date. The Bank of Lithuania, which oversees Revolut's European banking operations alongside the European Central B

McCann FitzGerald has been recognised as Ireland's law firm of the year and Europe's best financial services regulatory practice at the 2025 IFLR Europe Awards in London. The prestigious awards  celebrate the legal industry’s most innovative work and honours the deals, teams, and firms th

The Central Bank of Ireland has published a "modernised" version of the Consumer Protection Code following an extensive review. The Consumer Protection Code outlines a set of rules and business standards that regulated financial firms must follow when dealing with consumers.

DLA Piper has appointed Chris Jessup as a partner in the firm's litigation and regulatory practice, specialising in financial services regulation. Mr Jessup will join DLA Piper in May 2025 from A&L Goodbody, where he was a partner and co-head of the fintech group, based in the firm's Belfast off

Lawyer-turned-banker Davinia Conlan has been appointed as chair of the Federation of International Banks in Ireland (FIBI) for a two-year tenure. Ms Conlan, a solicitor, spent over 16 years as a banking lawyer prior to her appointment in 2023 as country head for Citi Ireland, where she was previousl

Professor Niamh Moloney has been appointed to the UK's Prudential Regulation Committee (PRC) for a three-year term. The PRC takes the most important decisions of the Prudential Regulation Authority (PRA), one of the UK’s financial regulators.

New EU rules aimed at strengthening the IT security of financial entities such as banks, insurance companies and investment firms are finally here, write William Fry lawyers John O'Connor, Claire O'Connor and Conor Forde. While it may seem that we have been talking about the Digital Operational Resi

A public consultation has been launched on the implementation of EU rules developed in response to the 2007 financial crash. The Department of Finance is seeking views on the implementation of the Capital Requirements Directive VI which, together with the Capital Requirements Regulation III, finalis