The number of Irish sustainability-focused funds has grown by more than 40 per cent since the Sustainable Finance Disclosure Regulation (SFDR) was introduced in 2021, according to new analysis by the Maples Group. The inaugural edition of SFDR Impact Analysis contains a detailed assessment of the cu
McCann FitzGerald LLP has been named as winner in the 'Financial Services Regulatory – Regional Firm' category at the IFLR Europe Awards 2023. The IFLR Awards celebrate legal innovation and showcase transactions that break new legal ground, set precedents and develop the legal environment for
Over 160 solicitors attended the Law Society of Ireland and the Central Bank of Ireland's joint event on new regulations earlier this week. The "Enhanced governance, performance and accountability in financial services – the Individual Accountability Framework" event took place at Blackhall Pl
The Central Bank's powers have been significantly enhanced with the commencement of a large part of new legislation, the government has said. A commencement order was signed by finance minister Michael McGrath yesterday to bring into effect Parts 1, 3 (other than section 10), 4, 5, 6 and 7 of the Ce
More than three-quarters of pension professionals believe that pensions regulations in Ireland are too complex, according to a survey by Mason Hayes & Curran LLP. The business law firm surveyed more than 120 HR and pension professionals attending its recent webinar, Attracting & Retaining Ta
Multinational law firm Pinsent Masons has hired litigation lawyer Lisa Carty as a partner to lead its litigation regulatory and tax offering in Dublin. Ms Carty has over 20 years’ experience advising on a wide range of commercial cases, including contractual disputes, investment disputes, prof
Complaints against banks and pension providers could be heard in public under new legislation brought in response to a Supreme Court ruling. The Financial Services and Pensions Ombudsman (FSPO) will have the power to hold oral hearings in public where it is deemed to be "appropriate or desirable" wh
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.
Matheson partner Rory O'Keeffe and solicitor Samuel Elliott discuss a recent English court ruling and what it means for cryptocurrency developers. In a significant case for investors in, and developers of, cryptocurrencies and other blockchain assets, the English Court of Appeal delivered judgment i
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
The High Court has granted leave to Bank of Ireland to lodge a tender in proceedings on condition that the tender only becomes effective after the conclusion of the discovery process. The lodgement application had been made after the discovery process had begun and the bank claimed that it wished to
High Court: FSPO decision regarding Covid-19 business interruption complaint set aside for ‘serious and significant’ errors
The High Court has set aside a decision by the Financial Services and Pensions Ombudsman (FSPO) regarding a complaint against Chubb European Group SE over its handling of a business interruption claim. It was held that the decision was vitiated by “serious and significant” error by the F
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
A&L Goodbody partner Dario Dagostino and solicitor Aisling Ennis provide an update on developments in crypto-asset compliance. In a recent judgment, the English High Court made a number of findings which, going forward, may provide significant assistance to victims of crypto-fraud in recuperatin
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.