Ireland:
Central Bank (Individual Accountability Framework) Bill...
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The heads for the Central Bank (Individual Accountability
Framework) Bill will be published later today. This legislation
will set out the long-awaited Individual Accountability Framework,
which will include the new SEAR regime. We'll issue a
detailed briefing on the Bill very shortly.
Minister Donohoe: "The changes to Central Bank legislation
will put individual accountability at the centre of decision making
in financial services organisations. The provisions will ensure
that there is clarity around the roles and functions of senior
executives."
https://www.gov.ie/en/press-release/4f16e-minister-donohoe-secures-agreement-to-draft-central-bank-individual-accountability-framework-bill/
This article contains a general summary of developments and
is not a complete or definitive statement of the law. Specific
legal advice should be obtained where appropriate.
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