The Central Bank noted that it has fined firms in recent years, including Merrion Stockbrokers, Appian Asset Management and E-Services & Communications Credit Union, at least partly due to failings under its fitness and probity regime.

The Central Bank has warned financial firms of their responsibility to ensure people working in key roles are fit for those jobs, having uncovered ins(...)

Derville Rowland: “We believe that creating a more diverse and inclusive workplace is both the right thing to do and the smart thing to do.”

A lack of diversity at senior levels in financial institutions leads to increased risks, the director general of financial conduct at the Central Bank(...)

Central Bank governor Philip Lane said in November that he expects some of the six mortgage lenders at the centre of the tracker scandal to be subject to enforcement actions during the course of this year.

The Republic’s mortgage lenders have paid out €647 million in refunds and compensation to customers caught up in the tracker mortgage scandal that goe(...)

“We are keen to ensure investors are not misled or misinformed about their investments in Irish-domiciled funds,” says Derville Rowland, the Central Bank’s director general, financial conduct. Photograph: Alan Betson

Regulators are investigating more than 2,000 Irish investment funds to ensure they are not misleading customers about charges and other issues. Large(...)

Philip Lane: three years into the job as Central Bank governor this month, he may soon become the shortest-ever holder of the position. Photograph: Tom Honan

It was the year Ronald Reagan was sworn in for a second term as US president, Bruce Springsteen’s album Born in the USA topped the charts, and more th(...)

Paschal Donohoe expects to publish a draft version of the new legislation early next year. Photograph: Gareth Chaney Collins

Planned new laws to give the Central Bank more powers to make top bankers more accountable in the wake of the tracker-mortgage crisis must be “proport(...)

Central Bank director general for financial conduct Derville Rowland: ‘The greatest risk to customers comes not from technological developments, but from the people in charge of the technology.’ Photograph: Nick Bradshaw

The Central Bank’s director general for financial conduct, Derville Rowland, has said that individuals working in insurance and banking remain the big(...)

The Republic’s housing crisis will be one topic discussed at the upcoming Dublin Economics Workshop. Photograph: Niall Carson/PA Wire

Monday Results: Associated British Foods, Air-France KLM, Manchester United Indicators: Irish vehicles licensed for the first time (Aug); UK GDP fig(...)

Almost a decade after the banking crisis, the trust of bank customers has been shaken again by the tracker-mortgage scandal. Photograph: Bryan O’Brien

You would not expect a conversation over a pint in a sleepy Connemara hotel after a day of fishing to be earth-shattering, but one such fireside chat (...)

“Culture is set from the top down. It is a matter for boards and senior management, in the first instance, to set up an effective culture that places the best interests of their customers first,” said Derville Rowland, director general of financial conduct at the Central Bank.

A Central Bank report into the culture of Irish banks in the wake of tracker-mortgage scandal has found that top banking executives retain too much of(...)

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