Central Bank Regulatory & Supervisory Outlook Report

Thu Feb 29 2024

The Central Bank has today published its Regulatory & Supervisory outlook report.  The report sets out the Central Bank’s perspective on the key trends and risks that are shaping the financial sector operating landscape and its consequent regulatory and supervisory priorities for the next two years.

In respect of the intermediary sector the following risks and outlook for 2024/25 were outlined.

The key supervisory activities outlined in respect of intermediaries for 2024/25 are as follows:

  • Thematic inspection of professional standards in the Retail Intermediary sector with communication of findings to individual firms and the sector. This includes addressing risks identified using the Central Bank’s supervisory toolkit and taking appropriate action to mitigate consumer risk;
  • Enhanced, targeted supervision of larger Retail Intermediaries to assess whether their governance and operational risk management arrangements are commensurate with the nature, scale and complexity of their operations; and
  • Ongoing policy work and development of the regulatory framework through the Retail Investment Strategy and review of the Consumer Protection Code (The CPC consultation will be launched on the 7th of March)

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