FinanceDublin.com - Enria report recommendations to make CBI’s Fitness and Probity Regime fit for purpose are ‘balanced’

The independent review into the Central Bank of Ireland’s F&P regime, precipitated by IFSAT’s judgement in the AB Case, are reviewed by A&L Goodbody’s James Grennan, one of the original architects of Ireland’s IFSAT regime. He recounts the incidents that led to CBI commissioning the review and references “some very significant changes to enhance fairness, transparency, efficiency and oversight”.

In July 2024, the Central Bank of Ireland (CBI) issued the report of an independent review into the operation of its fitness and probity (F&P) vetting regime. The findings are balanced endorsing much of the existing regime, recommending strengthening of some aspects but also recommending some very significant changes to enhance fairness, transparency, efficiency and oversight. The CBI has indicated that it will implement the recommendations with a target date of the end of 2024.

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