Regulatory Alerts2025-06-18
Central Bank of Ireland Individual Accountability Framework Questions from Stakeholders June 2025
The Central Bank of Ireland issued this document to clarify stakeholder questions regarding the implementation of the Individual Accountability Framework, covering Conduct Standards and the Senior Executive Accountability Regime. It confirms that Conduct Standards apply to freedom of services providers and details reporting protocols for suspected breaches, including protected disclosures. The guidance further specifies that from July 2025, the Senior Executive Accountability Regime extends to independent non-executive directors, assigning specific Prescribed Responsibilities such as culture oversight and function independence to these roles.
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