Insights

As a result of recent amendments to the Criminal Justice (Money Laundering and Terrorism Financing) Act 2010 to 2021, Virtual Asset Service Providers (VASPs) are now “designated persons” and are required to comply with the relevant Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) obligations.

The team at Grant Thornton have hands-on clinical experience and a strong understanding of the complex risks, issues and operations within the healthcare sector. This unique blend of clinical and business consulting expertise allows us to deliver unparalleled support to healthcare organisations.

The Central Bank of Ireland (“CBI”) set out their findings and expectations for Payment and E-Money firms in its “Dear CEO” letter published January 20, 2023. Rather than issuance of specific additional or “new” expectations, it is a re-affirmation of the out regulatory expectations of authorised Payment and E-Money institutions already set out in the December 2021 letter in the same vein. A year on from that letter, it is clear that the CBI believes the industry has a lot more to do.

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The Central Bank of Ireland introduced pre-emptive recovery planning requirements in 2021 and all (re)insurance undertakings have been required to have a recovery plan in place since 31 March 2022. Following submission of the first set of recovery plans by High and Medium-High Impact firms, the Central Bank carried out a thematic review and the main observations were communicated to firms.

Incorporating change management into your strategy can enable an organisation to pivot from a prescribed strategy to an emergent strategy and increases the likelihood that you will achieve your strategic objectives.

Is your business slow to close the gap between your aspirations and opportunities, and what you can quickly accomplish? Are you struggling to meet customer and business expectations in today’s technology driven world? Our Rapid Application Development & Hosting service lets you choose which capabilities you require for your stage of your digital transformation.

Our Finance Transformation consultants work with finance executives who want to add value, save time and save money. We work with organisations to ensure that their finance functions are more efficient than competitors and are working as one team to deliver timelier insights to decision-makers, which ultimately drives strategy and growth.

Firms operating in the technology, media and telecommunication (TMT) sector face the challenging task of delivering value through continuous adaptation and innovation, whilst also ensuring competitive differentiation and improved customer experiences. Our step-by-step approach to business consulting accounts for your specific needs, circumstances and strategic goals. Our clients can attest to the value that we bring, delivering actionable recommendations and measurable benefits.

Final guidelines on common procedures and methodologies for the supervisory review and evaluation process for investment firms, along with final draft Regulatory Technical Standards on Pillar 2 add-ons for investment firms are published.

The Central Bank of Ireland has announced that the countercyclical capital buffer (CCyB) rate on Irish exposures is to be maintained at 0.5 per cent.

How Grant Thornton can help you to estimate scope emissions for companies that do not report these metrics and incorporate these into banks’ Climate & Risk Quantification framework.