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Ireland and EU banking and payments regulatory update: CBI authorisations and gatekeeping, MiCAR/PSD2, CRR3, LCR/NSFR, T+1 settlement, TARGET access, EBA Pillar 3 Data Hub May 2025

Published on: 25 June 2025

Published by a LexisNexis Ireland - Banking & Financial Services expert
Legal News
Article summary

Domestic Central Bank of Ireland’s Authorisations and Gatekeeping Report 2024

On 1 May 2025, the Central Bank of Ireland (CBI) released the second edition of its Authorisations and Gatekeeping report, outlining the CBI’s authorisations and gatekeeping performance across the 2024 calendar year. It includes material on preparing submissions for authorisations, the Markets in Crypto Assets Regulation ((EU) 2023/1114) (MiCAR), the 2024 authorisation timelines by sector, and details of the CBI’s fitness and probity gatekeeping process. The report also features a chapter setting out the CBI’s expectations for authorisations.

European Union (Payment Services) (Amendment) Regulations 2025

On 8 May 2025, the Minister for Finance, Paschal Donohoe, made the European Union (Payment Services) (Amendment) Regulations 2025 (S.I. No. 169 of 2025), which amend the principal European Union (Payment Services) Regulations 2018 (S.I. No. 6 of 2018). The principal changes concern:

  • updating the definition of ‘Payment Services Directive’
  • safeguarding requirements
  • appealable decisions
  • access to payment systems
  • inserting regulations for payment systems designated under the Settlement Finality Regulations

Forms for payment institutions

On 12 May...

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