The main objectives of the Central Bank’s current strategy are to make the Bank more resilient, responsive and forward-looking, allowing it to adapt to a challenging external environment and to assume new legislative responsibilities. Part of this strategy is also a commitment to manage core operating costs, which has…
Why this matters
The document is a press release about the Central Bank's internal strategy, including a €75 million expenditure reduction to 2030, a planned reduction of about 120–140 roles, and a voluntary severance scheme.
The 'Note: Complete article text' label indicates the body was not included, so the text supports no specific sector, topic, or obligation. The item is a periodic Markets Update newsletter, which falls under 'news' as an informational item.
Central Bank of Ireland today launched a €15 silver proof commemorative coin celebrating the literary legacy of beloved Irish author Maeve Binchy. The coin honours Maeve Binchy's contribution to literature and her enduring impact on readers worldwide. The coin will go on sale today (Friday 2 October 2026) at 12pm on…
Why this matters
The content is a press release announcing the Central Bank of Ireland's launch of a collector coin honoring author Maeve Binchy. It contains no regulatory requirements, guidance, enforcement actions, or policy signals. The coin is a non-circulating collector product issued on behalf of the Minister for Finance.
Central Bank of Ireland has today (29 September 2026) announced a reduction in the Insurance Compensation Fund Levy to 0%, which will take effect from 1 January 2027. It is the first time the levy has been set at 0% since it came into effect in 2012. This marks the second change in the levy in two years, following the…
Why this matters
This is a binding policy announcement from the Central Bank of Ireland setting the Insurance Compensation Fund Levy to 0% with a specific effective date and clear implementation requirements for regulated firms.
Central Bank of Ireland has today (Friday 25 September) launched a new €2 commemorative coin to celebrate U2, one of the world’s greatest bands, marking 50 years since their formation in 1976. The coin features an image of the four band members Adam Clayton, Bono, The Edge, and Larry Mullen Jr. It was designed by…
Why this matters
The content is a press release announcing the Central Bank of Ireland's launch of a U2 commemorative €2 coin. It contains no regulatory requirements, binding obligations, guidance, enforcement actions, or policy signals.
The Central Bank today (15 September 2026) announced the appointment of Simon Sloan as Director of Strategy and Governance. Simon brings a wealth of experience from both inside and outside of the Central Bank. Since joining the Central Bank in 2011, he has held a number of leadership roles across Asset Management…
Why this matters
The content is purely administrative—announcing the appointment of Simon Sloan as Director of Strategy and Governance at the Central Bank. It contains no new rules, guidance, enforcement actions, or regulatory requirements affecting financial firms.
People across Ireland are invited to give their feedback on the shortlisted design proposals for the next series of euro banknotes, unveiled today by the European Central Bank (ECB). These design proposals are based on two different themes – “European culture” and “Rivers and birds” – and on the associated motifs…
AI Analysis
Key dates
End of 2026
- The ECB Governing Council is expected to make the final decision on the new banknote design
23 July 2026
- The Central Bank of Ireland publishes the press release encouraging public participation in the ECB consultation
21 September 2026
- The public survey on the shortlisted euro banknote designs closes
Suggested considerations
Review the ECB consultation materials and assess whether your firm has any direct operational exposure to future euro banknote changes.
Monitor ECB and Central Bank of Ireland updates for the final design decision expected around the end of 2026.
Prepare internal stakeholder briefings for cash operations, branch operations, payments, customer service, and communications teams on the expected euro banknote redesign timeline.
If your firm accepts or processes cash, begin a preliminary review of any systems, controls, or vendor dependencies that could be affected by future note specifications, authentication features, or rollout timing.
Update external messaging and FAQs only after the ECB publishes the final banknote design and implementation details.
What changed
- The ECB has published ten shortlisted design proposals for the next series of euro banknotes, based on the themes “European culture” and “Rivers and birds.”
The ECB has opened an online public survey to gather feedback on the proposed designs.
The survey is open until 21 September 2026.
The ECB Governing Council is expected to make the final design decision around the end of 2026.
The current publication does not impose any immediate compliance obligation on firms; it is a consultation and design-selection step, not an enacted regulatory rule.
Compliance impact
The immediate compliance impact is low, because this is a consultation and not a binding regulatory requirement. The practical impact may become medium later if the ECB’s final decision triggers operational changes for cash-handling, customer communications, ATM calibration, or banknote lifecycle controls.
ECB unveils ten shortlisted design proposals for next series of euro banknotes Europeans invited to have their say in online survey open until 21 September Governing Council expected to select one design proposal around the end of the year The European Central Bank (ECB) today unveiled the shortlisted design proposals…
AI Analysis
The ECB has unveiled ten shortlisted design proposals for the next series of euro banknotes and launched an EU‑wide public survey running to 21 September 2026, ahead of a Governing Council decision on the final design around end‑2026. This is the first full redesign since 2002 and will introduce new security, accessibility and environmental features, requiring bank, payments and cash‑handling firms to plan for operational, technical and customer‑facing changes to cash handling, processing and authentication.
Key dates
Late 2026
- Expected Governing Council decision on the final design proposal for the new euro banknote series
Subsequent years (post‑2026)
- Progressive introduction of new‑series euro banknotes into circulation, co‑circulating with existing series which retain value
21 September 2026
- Closure of the ECB public online survey on the ten shortlisted euro banknote design proposals
Suggested considerations
Establish an internal project workstream to monitor ECB communications on the banknote redesign and plan for operational impacts on cash handling, ATM networks and merchant devices.
Conduct a preliminary impact assessment of how new banknote security and design features may affect existing banknote sorting, authentication and recycling equipment, and identify likely upgrade or replacement needs.
Engage with ATM and cash‑handling hardware vendors to understand expected firmware, sensor and software changes required to support the new banknote series and to secure upgrade slots ahead of issuance.
Review and update internal cash‑handling and banknote authentication procedures, including staff training materials, to incorporate new design and security features once technical specifications are published.
Plan customer communications strategies to explain the coexistence of old and new series banknotes, reaffirm the continued validity of previous series, and address any fraud or counterfeiting concerns.
What changed
- The ECB has published ten shortlisted design proposals for the next series of euro banknotes, based on the two themes “European culture” and “Rivers and birds”.
An EU‑wide online public survey has been launched to collect feedback on the shortlisted designs, forming part of the ECB’s inclusive approach to banknote design.
The ECB’s Governing Council will select a single design proposal around the end of 2026, informed by the Design Contest Jury conclusions, technical assessments and survey results.
The chosen design will undergo further development and testing before production, including integration of new and improved security features.
The new series of euro banknotes will be introduced into circulation in subsequent years, alongside existing series, which will retain their legal value and continue to circulate.
Compliance impact
Non‑compliance will primarily manifest as operational and conduct risk rather than direct regulatory sanction at this stage, but inadequate preparation could lead to service disruption, increased counterfeit losses, customer detriment and potential supervisory scrutiny over firms’ cash‑handling controls. Early engagement and orderly implementation will be important for banks and payment providers with large cash footprints or critical ATM networks.
Central Bank of Ireland has commissioned an independent review of its enforcement activities. Enforcement is a core component of the Central Bank's regulatory framework. It supports credible deterrence and accountability, promotes high standards of conduct and, through transparent outcomes, supports trust and…
AI Analysis
The Central Bank of Ireland (CBI) has appointed Josephine Feehily as an external reviewer to conduct an independent review of the **effectiveness, efficiency and positioning of CBI’s enforcement activities within its supervisory framework**, with a report (including recommendations) to be published in due course. This signals a potential medium-term recalibration of enforcement strategy, case selection, timelines and transparency, and compliance teams should anticipate possible changes to how investigations are initiated, managed and resolved, including expectations around engagement and disclosure.
Key dates
22 July 2026 Deadline
– CBI announces the appointment of Josephine Feehily and the commissioning of an independent review of enforcement activities, with a commitment that a report including recommendations will be provided to the Governor and published in due course
TBD (post‑review publication date)
– CBI publication of the external reviewer’s report and recommendations, which will likely act as the starting point for any formal changes to the enforcement framework, processes or guidance
TBD (following CBI response to the report)
– Expected phased implementation of any accepted recommendations through updated policies, procedures, public statements, or, where necessary, legislative or regulatory amendments
Suggested considerations
Review and document your enforcement‑facing governance, including Board and senior management oversight of investigations, decision‑making on settlement, and escalation paths, to ensure these are robust and can withstand a more structured or time‑bound enforcement approach.
Assess whether your record‑keeping, data, and management information relating to regulatory breaches, incidents, and CBI interactions are sufficiently complete and organised to support faster and more transparent enforcement processes.
Conduct a gap analysis of investigation procedures and response playbooks (e.g. dawn raid readiness, information requests, interviews, internal investigations) to ensure they can meet potentially tighter CBI timeliness and information‑quality expectations.
Update Board and senior management on the launch of the enforcement review and agree a watching brief, including designation of a responsible function (e.g. Compliance or Legal) to monitor the review, its terms of reference, stakeholder engagements and eventual recommendations.
Engage external counsel or industry associations, as appropriate, to prepare for possible consultation or stakeholder engagement opportunities during the review, including developing key messages on proportionality, timeliness, transparency and coordination with supervision.
What changed
- The CBI has formally commissioned an independent review of its enforcement activities, covering both how enforcement is structured and how it operates in practice, rather than a narrow thematic or...
The review mandate expressly covers the performance of enforcement activities and the role of enforcement within the wider supervisory framework, indicating that enforcement may be repositioned...
The review will examine enforcement structures and processes, including decision‑making governance, which may result in new approval routes, escalation paths, or committee structures for opening,...
The review will look at case‑selection criteria and processes, suggesting potential future changes to how and why firms or individuals are selected for enforcement action, and possibly the...
Timeliness of enforcement actions is in scope, which may lead to explicit timelines or service standards for case progression, investigation milestones, and resolution, with potential knock‑on...
Compliance impact
The immediate compliance impact is indirect but strategically significant: while no new rules are yet in force, firms should treat this as a precursor to a potentially more structured, faster and more transparent enforcement regime. Failure to adapt to any subsequent changes is likely to increase exposure to higher sanction risk, reputational damage and more intensive regulatory scrutiny.
Central Bank of Ireland has appointed Gavin Curran as Director of Capital Markets and Funds and Max Patanella as Chief Information Officer. Director – Capital Markets and Funds Gavin joined the Central Bank in September 2022 and has been Head of Funds Supervision Division since January 2025. Gavin has over 20 years’…
Why this matters
Press release announcing leadership appointments at Central Bank of Ireland. Director of Capital Markets and Funds will oversee capital markets supervision and funds regulation. Chief Information Officer will manage IT security and technology strategy.
Central Bank of Ireland has today (Monday 6 July) launched a new €2 commemorative coin to mark the beginning of the Irish Presidency of the Council of the European Union. The coin was officially launched by Governor Gabriel Makhlouf and Tánaiste and Minister for Finance Simon Harris at a ceremony at the Central Bank…
Why this matters
This is an informational press release about a commemorative coin issuance by the Central Bank of Ireland. It relates to currency/payments as a sector and involves disclosure of a special coin launch. The content is ceremonial and promotional in nature with no regulatory compliance requirements or urgent directives.
Central Bank of Ireland has today launched a new map showing the location of every ATM and cash service points in the country. The public can now also notify the Central Bank if they believe there is insufficient access to cash in their community. From today (Tuesday 30 June 2026), the public can submit a local…
Why this matters
This is an informational press release announcing implementation of cash access legislation. The Central Bank of Ireland is establishing a framework to monitor and ensure adequate ATM and cash service point infrastructure.
This is an informational markets update from CBI covering EU T+1 settlement readiness and MiCA transitional compliance for unauthorised CASPs. The July 1, 2026 deadline for MiCA unauthorised entities represents a key regulatory milestone.
This is an informational update from CBI regarding EU T+1 settlement readiness surveys. The content relates to capital markets infrastructure and operational readiness for industry participants.
The Central Bank has today (15 May 2025) announced the appointment of Glenn Calverley to the role of Director of Finance and Business Performance. Mr Calverley will take up his role with effect from 1 September 2026. Glenn brings a wealth of experience to this role, most recently as Director of Strategy & Governance…
Central Bank of Ireland has made the memoir of former Governor T.K. Whitaker available digitally for the first time. While the memoir has been available for in-person viewing in the Central Bank's archives, it is now accessible online at www.centralbank.ie , allowing a wider audience to engage with this important…
Central Bank of Ireland today launched a commemorative coin celebrating the life and work of renowned Irish playwright Seán O'Casey, on what would have been his 146 th birthday. It marks the 100th anniversary of the inaugural performance of his masterpiece The Plough and the Stars at the Abbey Theatre. The silver…
Why this matters
This is an informational news release from the Central Bank of Ireland about the launch of a commemorative coin honoring playwright Seán O'Casey. It does not appear to contain any urgent regulatory updates, but is relevant to banking, investment management, and wealth management firms as it relates to the central...
The Central Bank Commission has appointed Elizabeth Mahon as Secretary of the Central Bank, effective 30 March. Elizabeth has also been appointed to the role of Head of Governance in the Central Bank. Elizabeth has more than 20 years' experience in financial services, principally in the banking sector, where her…
Why this matters
This regulatory update announces the appointment of new leadership roles at the Central Bank of Ireland, including a new Secretary and Head of Governance. This is a routine organizational change announcement that is likely of low urgency for most financial firms.
The Central Bank of Ireland today (Tuesday 24 March 2026) marked the coming into force of the modernised Consumer Protection Code, giving consumers stronger protections when using banks, insurance companies, and other financial services. The modernised Code has been designed to better protect consumers in today’s…
Why this matters
This regulatory update from the Central Bank of Ireland introduces a modernized Consumer Protection Code that imposes new requirements on financial firms to better protect consumer interests.
This regulatory update from the Central Bank of Ireland covers several topics relevant to the banking, capital markets, and crypto/digital asset sectors, including changes to margin requirements for derivatives, amendments to client asset rules, and a discussion paper on distributed ledger technology.
Central Bank of Ireland has successfully completed the sale of its Spencer Dock (East Wing) building to the Office of Public Works for €23.7m. The sale of Spencer Dock was a key element of the Central Bank’s longer term property strategy aligned to our decision to develop a single Dockland Campus through the purchase…
Central Bank of Ireland and Banca d’Italia are launching the Innovation Data Challenge 2026, a joint initiative designed to foster cutting-edge research and innovation in the retail payments sector. The Challenge reflects the shared commitment of the two Institutions to promoting applied research, international…
Why this matters
This regulatory update announces a joint innovation challenge between the Central Bank of Ireland and Banca d'Italia focused on the retail payments sector. This indicates the regulators' interest in promoting innovation and responsible use of technology in payments, which is relevant for fintechs and payment providers.
This appears to be a general news update from CBI covering regulatory developments across multiple financial sectors and topics. The lack of a detailed description suggests this is informational content rather than a critical regulatory change.
This appears to be a general regulatory news update from CBI covering multiple financial sectors and topics, so a low urgency classification is appropriate.
This appears to be a general news update from CBI covering regulatory developments across multiple financial sectors and topics. The lack of a detailed description suggests this is informational content rather than a critical regulatory change.
This appears to be a general news update from CBI covering multiple financial services sectors and regulatory topics, so a low urgency classification is appropriate.
This appears to be a general news update from CBI covering regulatory developments across multiple financial sectors and topics. The lack of a detailed description suggests this is informational content rather than a critical regulatory change.
This appears to be a general regulatory news update covering a range of financial services sectors and topics, without specific details on urgency or impact. The broad coverage suggests it is likely informational in nature.
This appears to be a general regulatory news update from CBI covering multiple financial sectors and topics, so a low urgency classification is appropriate.
This appears to be a general news update from CBI covering regulatory developments across multiple financial sectors and topics. The lack of a detailed description suggests this is informational content rather than a critical regulatory change.
This appears to be a general news update from CBI covering regulatory developments across multiple financial sectors and topics. The lack of a detailed description suggests this is informational content rather than a critical regulatory change.
This appears to be a general regulatory news update covering a range of financial sectors and topics, without specific details on the content. As such, it is likely informational in nature rather than requiring immediate action.
This appears to be a general regulatory news update covering a range of financial sectors and topics, without specific details on the content. As such, it is likely informational in nature rather than requiring immediate action.
This appears to be a general news update from CBI covering a range of financial services sectors and regulatory topics, without specific details on the content. As such, it is likely informational in nature rather than an urgent regulatory change.
This appears to be a general news update from CBI covering regulatory developments across multiple financial sectors and topics. The lack of a detailed description suggests this is informational content rather than a critical regulatory change.
This appears to be a general regulatory news update covering a range of financial services sectors and topics, without specific details on the content. As such, it is likely informational in nature rather than requiring immediate action.
This appears to be a general regulatory news update from CBI covering multiple financial sectors and topics, so the classification reflects a broad scope.
This appears to be a general news update from CBI covering multiple financial services sectors and regulatory topics, without specific details on urgency or impact.
This appears to be a general news update from CBI covering regulatory developments across multiple financial sectors and topics. The lack of a detailed description suggests this is informational content rather than a critical regulatory change.
This appears to be a general news update from CBI covering multiple financial services sectors and regulatory topics, without specific details on urgency or impact.
This appears to be a general news update from CBI covering regulatory developments across multiple financial sectors and topics. The lack of a detailed description suggests this is informational content rather than a critical regulatory change.
This appears to be a general regulatory news update covering a range of financial sectors and topics, without a specific call to action or high-urgency information. The lack of a detailed description suggests this is likely an informational piece.
This appears to be a general regulatory news update covering a range of financial sectors and topics, without specific details on urgency or impact. The broad coverage suggests it is likely informational in nature.
Insurance conference explores challenges facing the insurance industry Introduction of proposed judicial guidelines on personal injury claims would bring stability to the cost of insurance Solvency II review in 2020 to ensure continued protection of policyholders and beneficiaries The Central Bank hosted a conference…
Why this matters
This regulatory update discusses challenges facing the insurance industry, including the upcoming Solvency II review and the introduction of judicial guidelines on personal injury claims. It is relevant for insurance firms and covers prudential and consumer protection topics.
The Central Bank of Ireland has today published a consolidated view of publically available data for insurance and reinsurance firms. Under new Solvency II regulations, firms must provide public disclosures. The public disclosures take the form of a Solvency and Financial Condition Report (SFCR), which firms produce…
Why this matters
This regulatory update is related to the publication of Solvency and Financial Condition Reports (SFCRs) by insurance firms, which is a prudential and reporting requirement under Solvency II regulations. The update is informational in nature and does not indicate any immediate regulatory action.
Following a satisfactory review of the data submitted by banks and credit unions, to the Central Credit Register, the initial enquiry phase has now commenced. This means that from today borrowers and lenders can request a copy of credit reports from the Central Credit Register. Data on mortgages, personal loans…