If implemented correctly, the IAF is an opportunity, not a burden, for Ireland’s financial services industry
Implementing the Individual Accountability Framework successfully will require ‘patience and understanding’ from the Central Bank and the industry writes Grant Thornton’s Kevin Coleman. He says there remains uncertainty in some quarters on how the IAF will work in practice but firms need to now focus on what they can control - ‘the way they think about the IAF, and how they will respond and implement it’.

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Kevin Coleman is Head of Prudential and Conduct Risk at Grant Thornton Ireland.
This article appeared in the December 2023 edition.