Financial Regulatory

Legislation paving the way for a new individual accountability framework for the financial services sector has been signed into law. The Central Bank (Individual Accountability Framework) Act 2022 provides for a new senior executive accountability regime (SEAR), which will come into force once the C

The High Court has granted leave to Bank of Ireland to lodge a tender in proceedings on condition that the tender only becomes effective after the conclusion of the discovery process. The lodgement application had been made after the discovery process had begun and the bank claimed that it wished to

The High Court has set aside a decision by the Financial Services and Pensions Ombudsman (FSPO) regarding a complaint against Chubb European Group SE over its handling of a business interruption claim. It was held that the decision was vitiated by “serious and significant” error by the F

Almost all senior banking and financial services professionals believe that financial regulators should take competition and consumer choice into account when formulating regulatory policy, according to a new survey by Mason Hayes & Curran. The business law firm polled more than 150 people at a

A&L Goodbody partner Dario Dagostino and solicitor Aisling Ennis provide an update on developments in crypto-asset compliance. In a recent judgment, the English High Court made a number of findings which, going forward, may provide significant assistance to victims of crypto-fraud in recuperatin

New legislation aimed at growing credit union lending has been approved by Senators and will now go before TDs. The Credit Union (Amendment) Bill 2022, published earlier this month, is the first substantive credit union legislation since 2012, which followed the Commission on Credit Unions.

New legislation aimed at growing credit union lending has been published by ministers. The Credit Union (Amendment) Bill 2022 is the first substantive credit union legislation since 2012, which followed the Commission on Credit Unions.

Business law firm Mason Hayes & Curran has launched the latest edition of its compendium of EU securities laws. The book, available free of charge from the firm’s website, contains all EU legal measures in the areas of listing of securities, prospectus obligations, market manipulation and

Offshore law firm Walkers has appointed Aongus McCarthy as a partner in its asset management and investment funds practice group in Ireland. Mr McCarthy, who previously led the investment funds team of an international law firm, advises domestic and international asset managers on the structuring, e

Nearly half of Irish financial services industry leaders believe the UK will rejoin the European Union by 2040, according to a survey by business law firm Mason Hayes & Curran. The firm surveyed around 400 industry leaders attending its financial services insights event last night, which took pl

Hayes solicitors LLP has announced the appointment of Tim Waghorn as partner and head of the firm's banking and financial services offering. The Dublin-based firm said the new appointment would allow the firm to "continue to deliver and enhance our banking service across a diverse range of transacti

Rachel Mc Causland of Taylor Wessing Ireland examines the pitfalls of celebrities endorsing financial products. Kim Kardashian was recently charged by the US Securities and Exchange Commission (SEC) for advertising a crypto asset on Instagram without disclosing that she was being paid $250,000 by th

Most professionals in Ireland's financial services sector are worried about personal exposure to liability arising from new proposed legislation, according to a survey conducted by business law firm Mason Hayes & Curran LLP. The law firm surveyed almost 200 senior banking and financial services

Dentons has announced the appointment of Matthew Cahill as a banking and finance partner in Dublin — its second such appointment in just over a month. Mr Cahill joins the firm from William Fry, where he is head of structured finance and securitisation and debt capital markets. The announcement

The High Court has dismissed an appeal from an insurance provider against a decision of the Financial Services and Pensions Ombudsman (FSPO) that it acted unreasonably by declining to cover losses to a business arising from the Covid-19 pandemic. Hiscox SA had brought a statutory appeal claiming tha