Society responds to consultation on The Fit and Proper Regime

The Society of Actuaries in Ireland has responded to the Central Bank of Ireland’s Consultation on “The Fit and Proper Regime in Part 3 of the Central Bank Reform Act 2010”.



The Society recognises the importance of a robust fitness and probity regime and supports the objectives of the Central Bank in this area. However, the response notes that fitness and probity must be seen as only one part of an overall corporate governance and risk management structure.



The Society’s response focuses on the feasibility of implementing the requirements and areas where it considered further clarity would be of benefit.



Read the consultation paper



Read the Society’s response