The Central Bank’s Consumer Protection Directorate issued three letters to industry in 2020. Two of these resulted from thematic reviews of MiFID related requirements and the other considered regulated firms engaging in unregulated activities.
In this interview Martina Kelly, Director of Funds in IOB , talks to Gráinne McEvoy, Director of Consumer Protection, Central Bank of Ireland about these letters, including why the reviews had been undertaken and which findings need particular attention.
The interview opens with a discussion on the Central Bank’s approach to thematic reviews generally including why this supervisory approach is used and how topics are identified. The interview concludes with some details on what topics are likely to be a focus in 2021.