Welcome to Issue 6 of the Grant Thornton FS Download. This issue summarises the current hot topics across the Financial Services sector in Ireland.

Asset Management

Asset Management Matters - Episode 1

Our Chief Economist Andrew Webb offers his views on economic prospects for the year ahead and what it means for asset management.

Asset Management Matters - The Quest for Talent

In the second episode of our Asset Management Matters podcast, Shona O’Hea our Global Head of Asset Management, talks about one of the challenges facing the Asset Management Industry at the moment being “The Quest for Talent”.

Irish Funds Seminar Event

We were delighted to recently sponsor the Irish Funds seminar in New York and Boston.

Alan Cuddihy, FS Audit Director acted as MC for the event, discussing the latest in ESG, Distribution and Alternative Assets amongst other topics.

Our Partner Shona O'Hea moderated the “Rise of ESG Funds in Europe” panel, where she was joined by a panel of experts who shared their views and insights on ESG regulation, products and the future landscape.


New Code of Practice for Revenue Compliance Interventions

Revenue has published its new Code of Practice for Compliance interventions. The new Code which will be effective from 1 May 2022 sets out their revised framework for interventions from that date and provides for a new graduated response to taxpayer compliance behaviour and also makes significant changes to many of the rules around voluntary disclosure. 


European Commission crackdown on EU “shell” entities

On December 22, 2021, the European Commission issued a proposal for a Directive aimed at discouraging the use of shell entities within the EU for structures lacking real substance.





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Central Bank publishes price walking regulations

The CBI published, on 15 March 2022, the Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1)) (Insurance Requirements) Regulations 2022 which will apply to insurance undertakings and insurance intermediaries from 1 July 2022.

Central Bank of Ireland’s Quarterly Insurance Newsletter

On 24 March 2022, the CBI published its quarterly Insurance Newsletter which covers the following topics:

  • Crisis in Ukraine – including CBI’s expectations of (re)insurance firms
  • Insurance Insights – Review of the digital maturity of the Irish Insurance Market and more
  • Insurance Updates – including use of service companies in the insurance sector

Blockchain and crypto assets – EIOPA report on relevance to the insurance sector

As part of its Digital Transformation Strategy, the European Insurance and Occupational Pensions Authority (EIOPA) has published a summary of its thoughts regarding the relevance of Blockchain and crypto assets to the insurance sector.





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Sustainability: The road to regulation

Over the last number of years, the profile of sustainability has grown considerably, but this decade marked a step change. For those on the periphery of the topic, it can at times be overwhelming to keep up with the policy announcements, voluntary initiatives, regulatory implications and stakeholder demands.

Climate risk quantification: Focus on ESG data

The global economic crisis that resulted as a consequence of the pandemic has stressed the relevance of prioritising sustainability pillars within financial services.

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