CBI’s safeguarding expectations of payment and e-money institutions – a timely reminder
As the safeguarding deadline approaches for payment and e-money institutions in Ireland, this blog sets out the main takeaways from fscom’s safeguarding webinar held earlier this year. With consumers facing a cost-of-living crisis and economic downturn, the Central Bank of Ireland (CBI) has identified protecting consumers as one of its core priorities. This heightened regulatory […]
Six areas to watch from the Central Bank of Ireland’s new letter to payment and e-money firms
It is barely a year since all authorised payment and e-money firms in Ireland received a “Dear CEO” letter from the Central Bank of Ireland. Now, another letter has landed on these firms’ doormats and their CEOs’ desks. It outlines the Central Bank’s expectations for regulatory compliance and specifies areas where firms should focus efforts […]
Dear CEO: Central Bank of Ireland sets expectations for Payment and E-Money firms
It’s not quite a Christmas card, but all Payment and E-money firms in Ireland received a “Dear CEO” letter from the Central Bank of Ireland earlier this month. The letter from Mary-Elizabeth McMunn, Director of Credit Institutions Supervision, sets out the actions Boards and senior management are expected to carry out to ensure ongoing compliance […]
Six steps to effective safeguarding for payment and e-money institutions
How can payment and e-money institutions meet regulatory requirements to safeguard consumers’ funds? fscom’s Director Alison Donnelly and Independent Payments Consultant Russell Burke, formerly Payment Authorisation Lead in the Central Bank of Ireland, tackled this key question at a webinar hosted by the Association of Compliance Professionals in Ireland (ACOI) last week. How should payment […]