There has been a significant increase in the level of focus on regulatory and compliance practices in Ireland over recent years. This has been partly driven by the continuing success of Ireland as a premier domicile for funds and heightened interest in consumer protection and improved 'business conduct'.
The current Irish financial services regulatory environment is well developed but is also evolving quickly. This is a function of the Irish Government's desire to maintain Ireland as an attractive location for financial services.
Perhaps the most fundamental development in this regard has been the restructuring of the Irish regulatory framework, through the launch of a single financial services regulatory authority, The Financial Regulator.
This authority places an equal focus on consumer protection and prudential supervision. The regulatory authorities are also placing increasing attention on regulated entities' code of ethics and overall corporate governance. EU and international regulatory developments are also having a significant impact on the industry.
Our Regulatory Advisory Services group is well positioned to assist financial service institutions in meeting these new regulatory challenges.
Core services to the investment management and funds industry
