Central Bank to delay parts of new accountability rules after industry backlash

The Central Bank of Ireland will delay parts of a landmark new rulebook designed to hold senior executives accountable, after major industry groups claimed elements of the plan were unworkable and posed risks to Ireland’s competitiveness.

Gabriel Makhlouf, the governor of the Central Bank , on Wednesday announced that the regulator would defer by 12 months the application of the individual accountability framework to certain executives in banks and other financial services firms.

Source: News Formal (newsformal.com)

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Economy still adjusting to rate changesThe Governor of the Central Bank Gabriel Makhlouf has said the economy and financial system 'is still adjusting to the change in interest rates by central banks.'
Source: rtenews - 🏆 1. / 99 Read more »

Mikel Arteta makes Gabriel Jesus injury stance clear as Arsenal set for dilemmaArsenal have been dealing with a lengthy list of absentees including striker Gabriel Jesus, who's on the verge of a comeback from injury ahead of the international break
Source: IrishMirror - 🏆 4. / 98 Read more »

IBI Corporate Finance acquired by international investment bank DC AdvisoryFinancial terms of the deal were not disclosed
Source: IrishTimes - 🏆 3. / 98 Read more »

IBI Corporate Finance acquired by Japanese investment bank as part of deal worth over €25mIBI Corporate Finance was established in 1966, originally as a joint venture between Bank of Ireland, Morgan Grenfell and Schroders
Source: businessposthq - 🏆 8. / 71 Read more »

Metro Bank's deposit outflows return to normal rangesMetro Bank has today reported a 5% drop in deposits in the third quarter, although the struggling British lender added that the increase in deposit outflows seen before its capital injection had now returned to 'more normal ranges'.
Source: RTEbusiness - 🏆 16. / 61 Read more »

Bank of Ireland raises €750m for green projects in third green bond this yearBank aims to increase it sustainability-related lending from €8 billion in 2020 to €30 billion by 2030
Source: businessposthq - 🏆 8. / 71 Read more »