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 […]

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 […]