No. 2 - February 2017
|Consequences of admissions in ASP Settlements
As part of any settlement under its Administrative Sanctions Procedure (the ASP), the Central Bank of Ireland (the Central Bank) expects a breach to be admitted. Muireann Reedy examines the impact that this policy can have on a regulated entity or individual and contrasts the Central Bank’s position with the practice of other financial regulators..
No. 1 - November 2016
|A decade of settlements under the Central Bank’s Administrative Sanctions Procedure
The Central Bank entered its first settlement agreement under its Administrative Sanctions Procedure in 2006. Muireann Reedy of Dillon Eustace’s Regulatory Investigations Unit examines the evolution of publicity statements released following settlements under this regime, from the first brief statement released in 2006 to the robust statements which characterise today’s settlements.