Ireland: Report on Observance of Standards and codes (ROSC)

International Monetary Fund

No 2015/117, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses findings and recommendations of the Report on Observance of Standards and codes for Ireland. The Central Bank of Ireland (CBI) is the integrated financial supervisor in Ireland. As the primary regulator of the Irish financial system, CBI has overall responsibility for the supervision of insurers and insurance intermediaries authorized in Ireland. The authorities need to address the significant challenges faced by CBI in attracting and retaining supervisors and to enhance the CBI’s independence. CBI is also advised to review the supervisory risk appetite underpinning Probability Risk Impact Supervisory System, including potential reputational risks.

Keywords: ISCR; CR; CBI supervisor; CBI's policy; risk appetite; CBI guideline; risk management; life insurer; risk profile; group supervision; marketing insurance product; CBI planning; reinsurance strategy; Insurance companies; Insurance; Insurance supervision; Anti-money laundering and combating the financing of terrorism (AML/CFT); Global (search for similar items in EconPapers)
Pages: 26
Date: 2015-05-13
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