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    Showing 16 of 128 content results
    Financial Services Advisory A rise in public trust towards Irish retail banks noted but total trust still remains negative – Irish Banking Culture Board (IBCB) 2023 “éist” report
    The Irish Banking Culture Board (IBCB) has released its 2023 “éist” report which details public sentiment towards Irish retail banks. Chief amongst the IBCB’s findings was a rise in public trust towards retail banks.
    Amanda Ward
    Kevin Coleman
    Anna Mulhall
    | 4 min read | 22 Sep 2023
    Conduct and culture EU-UK Divergence in Financial Services Regulation
    As a result of Brexit, and particularly following the introduction of the UK’s Financial Services and Markets Act, there is a potential for increasing divergence between EU and UK financial services regulation.
    Amanda Ward
    Kevin Coleman
    Anna Mulhall
    | 4 min read | 22 Sep 2023
    Internal Audit Maintaining Compliance with New EU Pension Directive IORP II
    On 28 April 2021, the Irish Government transposed IORP II (Institution for Occupational Retirement Provision), an EU directive on the activities and supervision of pension schemes, into law.
    Michael Nolan
    Nuala Crimmins
    Frankie Cronin
    | 4 min read | 21 Sep 2023
    Financial Services Advisory Guidance for (Re)insurance Undertakings on Intragroup Transactions and Exposures
    On 30 January, the Central Bank published Guidance for (Re)insurance Undertakings on Intragroup Transactions and Exposures following a consultation that ended in September 2022.
    Nuala Crimmins
    Marie Anderson
    | 5 min read | 20 Sep 2023
    Financial Services Remediation: Righting Wrongs and Restoring Trust
    The recent High Court tracker mortgage decision again brought sharply into focus the onerous nature of potential remediation exercises. Increasing regulatory pressure, ever-changing customer expectations, rising customer vulnerability and a competitive marketplace, deem an increase in remediation requirements for financial services firms highly likely.
    Amanda Ward
    Brian Duffy
    Cathie Farrell
    | 2 min read | 18 Sep 2023
    Financial Services Advisory Revised Payments Legislative Package: Payment Services Directive (PSD3) and Payment Services Regulation (PSR)
    In response to the fast growth of the payment services market, the European Commission issued a Revised Payments Legislative Package. This seeks to ensure the EU’s financial sector is fit for purpose and capable of adapting to the ongoing digital transformation, and the risks and opportunities it presents – in particular for consumers.
    Dwayne Price
    Frankie Cronin
    Anne Marie Flynn
    Kevin Coleman
    | 1 min read | 18 Sep 2023
    FINANCIAL SERVICES Embedding an effective conduct-focused culture in wholesale market firms
    Findings from the CBI’s thematic assessment across a sample of MiFID firms, considering the approach taken by Boards and Senior Management, to foster and embed an effective conduct-focused culture.
    Amanda Ward
    Anne Marie Flynn
    Kevin Coleman
    Anna Mulhall
    | 4 min read | 07 Jul 2023
    Financial Services Enhancing the Operational Resilience of Digital Systems: The European Supervisory Authorities’ Public Consultation on DORA
    DORA will have a significant effect on enhancing the operational resilience of digital systems. By soliciting public input through this consultation process, the European Supervisory Authorities aim to ensure that the resulting technical standards align with industry best practices promote digital resilience and facilitate a robust and secure digital environment across the EU.
    Shane O'Neill
    Mary Loughney
    | 7 min read | 05 Jul 2023
    FINANCIAL SERVICES Complaints and Remediation in Financial Services
    Complaints and Remediation in Financial Services
    Brian Duffy
    Amanda Ward
    | 1 min read | 29 Jun 2023
    Sustainability EU Commission Opens Public Consultation on “Set 1” of the European Sustainability Reporting Standards (ESRSs)
    The European Financial Reporting Advisory Group (“EFRAG”) submitted to the European Commission its technical advice on the first set (“set 1”) of draft European Sustainability Reporting Standards (“ESRSs”) on the 22 November 2022. This included 2 “cross cutting” ESRSs (General Requirements and General Disclosures) and 10 “topical” standards across Environmental, Social and Governance topics.
    Catherine Duggan
    Orla Carolan
    | 2 min read | 13 Jun 2023
    Financial Services Understanding the European Central Bank (ECB) and European Insurance and Occupational Pensions Authority (EIOPA) Discussion Paper on Policy Options to Reduce the Climate Insurance Protection Gap
    Why the ECB and EIOPA Are Exploring Actions to Reduce the Climate Insurance Protection Gap
    Marie Anderson
    Nuala Crimmins
    Catherine Duggan
    Amanda Ward
    | 8 min read | 25 May 2023
    Financial Services Advisory Climate & Environmental Risks Physical Risk Quantification Framework
    Grant Thornton has constructed a Physical Risk Quantification Framework in its effort to support financial institutions in identifying and measuring their Climate & Environmental (C&E) Risks. In this publication, we present our methodology, implementation, and key benefits of the framework.
    Amanda Ward
    Stephen Tennant
    Dwayne Price
    Stavros Ioannou
    Melpo Konnari
    Daniel Fernández Domínguez
    | 2 min read | 22 May 2023
    Financial Crime Financial Crime Compliance: Know Your Customer (KYC) Support Built for a Rapidly Changing Landscape
    Money laundering is on the rise globally. Between 2016 and 2021, the yearly number of cases brought to the European Union Agency for Criminal Justice Cooperation doubled, bringing the total number of registered cases for that period to 3,000. In Ireland alone, the number of recorded money laundering crimes increased significantly from 86 in 2018 to 701 in 2021.
    Daryl Stinson
    Daryl Stinson
    | 6 min read | 15 May 2023
    Financial Crime Overcoming Challenges to Know Your Customer (KYC) Refresh with a Managed Service Approach
    Creating and implementing watertight Know Your Customer (KYC) procedures can be problematic for many organisations since the process remains a people-driven, manual operation. In an ever-changing AML regulatory environment, financial institutions are finding it increasingly challenging to strike a balance between KYC regulatory compliance, positive customer experience and operational efficiencies.
    Stephen Tennant
    Frankie Cronin
    Daryl Stinson
    Jennifer Flannery
    Brian O'Donoghue
    Joseph Maher
    David Henderson
    | 6 min read | 15 May 2023
    Financial Services Advisory What’s Next for the Global Banking System? The Basel Committee’s 2023-2024 Strategic Priorities
    The Basel Committee on Banking Supervision—the primary global standard setter for the prudential regulation of banks—has identified five strategic priorities for best practices that are of great importance to the banking sector in these post-pandemic years. These priorities mainly focus on assessing and mitigating the risk and vulnerabilities affecting the global banking system.
    Dwayne Price
    Dwayne Price
    | 3 min read | 11 May 2023
    Financial Services Advisory Intermediaries
    With our finger on the pulse of this ever-evolving industry, we provide intermediaries with practical, cost-effective solutions to address your business needs, from outsourcing, assistance in navigating regulatory landscape developments and their impacts, statutory reporting requirements, to support with mergers and acquisitions.
    Nuala Crimmins
    Michael Neary
    Marie Anderson
    | 2 min read | 10 May 2023
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