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2023 UPDATE | Ireland

by Starling Insights

Compendium

Jun 07, 2023

In June 2022, AIB, Ireland’s second-largest lender, was fined €83.3 million by the Central Bank of Ireland (CBI) for denying over 10,000 customers access to cheaper mortgages that tracked base rates. EBS, a subsidiary of the bank, was fined €13.4 million for similar failings affecting 2,845 customers.

The 2023 Compendium is available now!

Now in its 6th year, Starling's Compendium features over 40 contributors from across the industry as well as detailed analysis of the latest trends in culture & conduct risk supervision.

Ireland Insists on Individual Accountability

by Starling Insights

Observations

Jul 30, 2021

Bank regulators worldwide have been emphasizing personal liability for misconduct scandals. In a latest instance of such, Irish Finance Minister Paschal Donohoe recently received approval for the drafting of the Central Bank (Individual Accountability Framework) Bill, the main purpose of which is to improve accountability in the country's financial sector.