Posts by neil

Upcoming CP86 Questionnaire & Inspections

Last week The Central Bank of Ireland’s Director of Asset Management and Investment Banking, Michael Hodson outlined that the Central Bank will be commencing with a questionnaire and onsite inspections to review how firms have implemented the measures introduced under CP86. As we are all now well aware the objective of CP86 was to introduce…

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Blog Post- EBA Publishes Guidelines on Third Party Outsourcing

The European Banking Authority (EBA) printed its revised tips on outsourcing arrangements starting off specific provisions for the governance frameworks of all monetary establishments. The aim of the rules is to establish a harmonic framework for these monetary establishments, particularly credit establishments and investment companies. This blog will concentrate on who the rules apply to,…

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Core Principles To Consider When Implementing Regtech

Core Principles To Consider When Implementing Regtech Regtech adoption in the financial sector continues to grow with the global Regtech market expected to grow from $4.3 billion in 2018 to $12.3 billion by 2023. This is no surprise to those of you operating in the financial sector who are bombarded with a growing number of…

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INED’s & The Senior Executive Accountability Regime (SEAR)

Individual accountability of senior individuals within the financial services industry has become a particular interest for regulatory authorities around the world. They are looking to introduce measures to strengthen individual accountability in an effort to improve culture and drive the right behaviors. The Central Bank of Ireland is once such regulator who is putting a…

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Mercer Select ViClarity For Risk, Compliance & Outsourcing Monitoring

IRELAND, Dublin, March 27th, 2019 – Mercer have chosen award winning Regtech ViClarity to automate processes such as Enterprise Risk Management, Outsourcing Monitoring & Fund Compliance.  ViClarity will automate the collection and collation of risk data which includes the automation of Risk Registers, Risk Controls and Key Risk Indicators. The solution also includes compliance modules…

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Regtech On The Rise – Key Takeaways From The REGTECH 2019 Conference Dublin

By Donal Lawlor #REGTECH2019 was held in Dublin last week. It was attended by chief compliance, risk and audit officers from the asset management, insurance, bank and credit union sectors. Some of the key themes and topics discussed on the day were as follows; Compliance Culture Diagnostics The growing importance of clean data and MI…

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