On 29 December 2023, the Minister for Finance signed the European Union (Credit Servicers and Credit Purchasers) Regulations 2023 (the "Regulations") into law, thereby transposing the Directive on credit servicers and credit...more
4/16/2024
/ Borrowers ,
Central Bank of Ireland ,
Consumers ,
Credit Agreements ,
Creditors ,
Due Diligence ,
EU ,
European Economic Area (EEA) ,
Exemptions ,
Good Faith ,
Ireland ,
Loans ,
New Regulations ,
Recordkeeping Requirements
On 16 November 2023, the Central Bank of Ireland (the "Central Bank") published its feedback statement, revised draft Central Bank Regulations (on the Senior Executive Accountability Framework ("SEAR"), the Certification...more
Partners Niall Esler and Shane Martin, along with senior associate Conor Daly and trainee solicitor Coleen Wegmann, have authored the Ireland chapter for Global Legal Insights Fintech 2023. They provide an up-to-date summary...more
9/22/2023
/ AML/CFT ,
Anti-Money Laundering ,
Artificial Intelligence ,
Blockchain ,
Central Bank of Ireland ,
Cryptocurrency ,
Cybersecurity ,
Environmental Social & Governance (ESG) ,
EU ,
European Banking Authority (EBA) ,
European Commission ,
Financial Services Industry ,
FinTech ,
Industrial Development Agencies (IDAs) ,
Investment Funds ,
Ireland ,
Sustainable Finance ,
UCITS
On 9 March 2023, the President of Ireland signed the Central Bank (Individual Accountability Framework) Bill 2022 (the "Bill") into law. See our previous update here for a detailed examination of the contents of the Bill. ...more
The Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Act 2022 (the “2022 Act”) was commenced on 16 May 2022.
The introduction of the 2022 Act ensures that providers and servicers of hire...more