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2 Contributions by Arthur Cox LLP Experts

DORA in Ireland: Compliance Requirements, Irish Implementing Legislation, CBI Supervision and Penalties, SEAR Duties, and Operational Resilience Guidance
PRACTICE NOTES
This Practice Note provides practical direction on implementing the EU Digital Operational Resilience Act, Regulation (EU) 2022/2554 (DORA), in Ireland. On 17 January 2025, Regulation (EU) 2022/2554 of the European Parliament and of the Council of 14 December 2022 on digital operational resilience for the financial sector took effect in Ireland and throughout the EU. This Practice Note offers a high-level overview of DORA’s principal obligations and sets out more detailed information on Irish implementing legislation connected to DORA, alongside Irish regulatory guidance, commentary, template documentation and expectations relevant to financial entities regulated in Ireland that fall within DORA’s scope. DORA key requirements DORA applies to the wide range of financial entities listed in Article 2(1) of Regulation (EU) 2022/2554. Its obligations are generally grouped under five pillars. ICT risk management framework: financial entities must establish an oversight and internal governance framework for ICT risk
Ireland - Banking & Financial Services
Ireland lending, security and enforcement: cross-border banking guide for UK lawyers, including authorisations, taxes, perfection, English law recognition, judgment enforcement and regulatory developments (2025 update)
PRACTICE NOTES
Loan market and developments Kindly give a short synopsis of the current position of the loan markets in your jurisdiction and any material recent shifts. Ireland’s retail banking landscape now centres on three principal institutions—AIB, Bank of Ireland and Permanent TSB—following the departures of KBC and Ulster Bank in 2022. Alongside them, various non-bank lenders are active in the Irish arena. Some hold Central Bank of Ireland (CBI) authorisation as retail credit firms, as they provide credit to individuals; others are authorised by the CBI as credit servicing firms. For the Irish credit servicing regime, in-scope credit agreements include those with individuals (with limited exceptions) and, where a loan was originated by a regulated financial services provider (RFSP) and subsequently sold, lending to a small or medium-sized enterprise. In 2024, domestic banks increased overall lending to Irish
Banking & Finance
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