Central Bank keeps CCyB rate at 1%
The Central Bank has confirmed that the countercyclical capital buffer (CCyB) rate on Irish exposures is to be kept at 1%. As...
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Tenth Package of EU Sanctions against Russia
The EU Council approved the tenth package of sanctions in response to Russia’s invasion of Ukraine on Saturday 25 February 2023,...
EIOPA publishes report on impact underwriting
EIOPA has published its report on "impact underwriting", i.e. the ability of insurers to contribute to climate change adaptation by means...
Central Bank 'Dear CEO' letter to all regulated firms, reconfirming 2023 priorities
The Dear CEO letter from Central Bank Deputy Governors Sharon Donnery and Derville Rowland to regulated financial services firms,...
T2 (replacing TARGET2) will go-live on 20 March 2023
The ECB's Governing Council has announced that the launch of T2, its new real-time gross settlement system which will replace TARGET2,...
Litigation involving the State: High Court in Ireland comments on Alternative Dispute Resolution
In the context of a public procurement challenge, the High Court in Ireland in the judgment of Sere Holdings Ltd v Health Service Executive
Procurement Update: High Court in Ireland upholds Awarding Authority Decision on Eligibility
In Sere Holdings Ltd v Health Service Executive Sere, which had ranked eighth in a tender process conducted by the HSE for emergency air...
Individual Accountability Framework: Bill completes Seanad Committee Stage
The Central Bank (Individual Accountability Framework) Bill completed Seanad Committee Stage today, 16 February 2023.
One set of...
CIF appointed as registration body for providers of building works
The Government, on the request of the Minister for Housing, Local Government and Heritage, has recently appointed the Construction...
AML Update: Access rights to database of bank accounts
As signposted in our previous updates (AML Update: Central Bank publishes details on how database of accounts will operate, AML Update:...
Horizon Scanner: Infrastructure, Construction, Energy (February 2023)
For insights on key legal and regulatory developments impacting sectors across the economy including energy, construction & engineering
EIOPA publishes supervisory statement on use of third country branches
EIOPA has published its supervisory statement on the use of governance arrangements in third countries to perform functions or...
Renewable Energy in Ireland: Grid Decisions
Certainty around use of the grid is critical to development of renewable energy projects. Two recent decisions in this area are outlined...
No Blue Ticks: Limitations to Employer Use of Employee WhatsApp Messages in Litigation
In a recent judgment, FKJ v RVT and others [2023] EWHC 3 the English High Court refused to strike out a misuse of private information...
EV Charging in Ireland: New Legislation and Legal Considerations in the roll out of Charging Infrastructure
As the Government of Ireland publishes an EV Charging Infrastructure Strategy and the EU works to finalise legislation that will require...
New Client Asset Regulations published in the Irish Statute Book
The new Irish client asset regulations have been published in the Irish Statute Book and will take effect from 1 July 2023. They are...
CBI finalises guidance on intra-group transactions and exposures
The Central Bank of Ireland has published the feedback statement and finalised guidance on CP150, the guidance for (re)insurance...
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