FinanceDublin.com - ‘Reasonable steps’ and other IAF topics populating the boardroom agenda

Walkers’ Niall Esler analyses the key topics that have arisen for boards developing their companies’ frameworks to meet the requirements of the Individual Accountability Framework and how some of these have been impacted by the Central Bank’s November IAF Feedback Statement.

With the Conduct Standards due to come into force on 29 December of this year, the boards of in scope regulated financial service providers (firms) have dedicated significant time in recent meetings to overseeing the implementation of the Individual Accountability Framework (the IAF) requirements.

A number of key topics have arisen for firms in developing and finalising the appropriate frameworks, some of which are impacted by the Feedback Statement issued by the Central Bank of....

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