Regulatory Alerts2023-02-02
Internal Rules of the Central Bank of Ireland as CCP Resolution Authority
The Central Bank of Ireland issued these Internal Rules to comply with Article 3(6) of the CCPRRR by delineating the roles and responsibilities of its designated CCP Resolution Authority. The document establishes structural arrangements to ensure operational independence and prevent conflicts of interest between the resolution and supervisory functions within the Bank. It further mandates strict protocols for professional secrecy and outlines procedures for necessary information exchanges between functional areas to facilitate effective crisis management.
Share