Fitness and Probity News

The Central Bank of Ireland ("Central Bank") published a ‘Notice of Intention’ on 25 February 2020 which sets out its proposal to:

  1. Introduce three new Pre-Approval Controlled Functions (PCFs):
    1. Chief Information Officer (under the ‘General’ category);
    2. Head of Material Business Line (under the ‘Banking’ category);
    3. Head of Market Risk (under the ‘Banking’ category);
  2. Split PCF-39 Designated Person into six PCF roles aligned to the specific managerial functions.

The Bank invites comments from stakeholders on this proposal. Comments should be submitted by email to no later than 14 April 2020.

Notice of Intention - Additions to the list of PCFs February 2020 | pdf 862 KB