Central Bank of Ireland to establish a new unit for vetting senior financial sector candidates, following a review by Andrea Enria.
The Central Bank of Ireland has committed to establish a new unit to oversee the vetting of candidates for senior roles in the financial sector, following a review by former ECB Supervisory Board Chair Andrea Enria. The review found that the current use of enforcement staff in complex cases causes confusion that the process is akin to a "quasi-enforcement investigation." The Central Bank will implement 12 recommendations to ensure fairness and transparency in its fitness and probity (F&P) regime.
July 11, 2024
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