The Central Bank (Supervision And Enforcement) Act 2013

Author:Mr Joe Beashel
Profession:Matheson
 
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The Central Bank (Supervision and Enforcement) Act 2013 (the "Act") comes into force today, 1 August 2013. It is likely to be the last significant piece of regulatory legislation to follow on from the financial crisis. The Act, which underwent a series of changes after it was first presented to the Oireachtas in July 2011, introduces a number of significant new powers for the Central Bank of Ireland. However, it is those changes which the Act makes to existing legislation that will, in our view, be of...

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