Irish Central Bank Urged to Improve Vetting Regime
Irish Central Bank Urged to Improve Vetting Regime
Irish Central Bank Urged to Improve Vetting Regime
News summary

A review by former ECB supervisor Andrea Enria found that the Central Bank of Ireland must enhance transparency and fairness in vetting financial services industry roles. The review highlighted flaws in decision-making processes and lack of fairness. The 100-page report made 12 recommendations for improvement, focusing on clarity, governance, and stakeholder engagement. Stakeholders emphasized the importance of fairness, efficiency, and transparency in the process. The fitness and probity system aims to assess the suitability of applicants for key financial positions in Ireland's diverse sector.

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