A PROBE by the Central Bank has found that a number of regulated firms are failing to comply with key rules. Introduced in 2010, the fitness and probity regime is seen as a cornerstone of the regulatory framework in in this country. It comes a week after the Central Bank warned investment brokers and wealth managers to up to game to ensure consumers are protected when making investments. Firms were told that weaknesses identified will prompt supervisory interventions by the Central Bank. Some 33 of these applications were referred to the enforcement division of the Central Bank.

Source: Irish Independent November 17, 2020 14:37 UTC