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Ireland and EU banking and payments: CBI Fitness & Probity reforms and consultation, ECB cross-border payments, EBA benchmarking, DGS stress tests, AMLA mandates and risk indicators update (April 2025)

Published on: 30 May 2025

Published by a LexisNexis Ireland - Banking & Financial Services expert
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Domestic Deputy Governor of the CBI Mary-Elizabeth McMunn speech at the Institute of Bankers

On 3 April 2025, Mary-Elizabeth McMunn delivered her inaugural address in her new capacity as Deputy Governor of the Central Bank of Ireland (CBI), setting out her views on how regulation and supervision support the best interests of consumers and the wider economy. Deputy Governor McMunn noted that the CBI has shifted to a more integrated supervisory model in recognition of these factors, to secure effective and efficient execution of supervisory priorities. She said that simplifying regulation is an agenda the CBI welcomes, underscoring the importance of up to date and proportionate frameworks that achieve their intended outcomes. The central message was that the public is entitled to expect stability, resilience and protection.

Fitness and Probity updates

On 10 April 2025, the CBI published several documents as part of proposed changes to the Fitness and Probity (F&P) Regime. These include:

  • F&P gatekeeper process: sets out the key stages of the assessment process and provides guidance for stakeholders, serving as practical guidance for regulated entities and proposed appointees...

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