We advise domestic, EU and international financial service providers
(both regulated and unregulated), including banks, investment firms,
payment institutions, e-money institutions, retail credit firms, credit
servicing firms, crypto-asset issuers and servicers as well as the
individuals involved in managing those entities.
Financial regulation is a broad, complex and
ever-changing landscape of legal and regulatory
requirements with significant consequences
for firms and individuals who fail to comply
with those requirements. We can help you and
your firm understand existing and upcoming
requirements and implement the necessary
measures to ensure you achieve compliance.
We advise on:
- Authorisation requirements, including perimeter assessments and applications
- Applications for regulatory approval for individuals to perform controlled functions under the Central Bank of Ireland’s Fitness and Probity (“F&P”) regime, as well as post-approval issues including compliance with annual certification requirements
- New product offerings
- Compliance with conduct and governance requirements, including conduct standards and the duty of responsibility under the Senior Executive Accountability Regime
- Identification and mitigation of risks arising from the handling of customer complaints, including those brought before the Financial Services and Pensions Ombudsman
- Acquisitions and disposals of interests in regulated financial services providers, including change of control notifications and regulatory due diligence on deals
- AML/CFT & Financial Sanctions
- Engagements with the Central Bank of Ireland’s supervisory and enforcement divisions
- Investigations and enforcement actions under the Central Bank’s administrative sanctions procedures and its F&P regime
- Operational resilience, including outsourcing frameworks and agreements
Outsourcing and Procurement
- Knowledge gathering and needs assessments
- Development of pre-contract queries and RFP responses
- Termination and offboarding of legacy systems
- Offshoring arrangements
