Regulatory & Supervisory Outlook Report

The Central Bank regulates more than 12,000¹ entities across a range of sectors providing financial services in Ireland and overseas, many of which have grown in scale and complexity in recent years.

When regulating and supervising these entities, the Central Bank’s aim is to protect the interests of consumers and investors, and to preserve market integrity and financial stability, especially at times of stress.

This new Regulatory & Supervisory Outlook report (PDF 2.08MB) sets out the Central Bank’s perspective on the key trends and risks that are shaping the financial sector operating landscape and its consequent regulatory and supervisory priorities for the next two years.

Report structure

Executive Summary

This section provides an overview of the global macro environment, major trends and the key risks facing the financial sector, and the Central Bank’s regulation and supervision priorities in light of those risks.

Read the Executive Summary in full.

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Section 1 – The Global Macro Environment

This section provides a high level overview of the major developments in the global macro environment that are drivers of risk within the financial sector.

Read Section 1 – The Global Macro Environment in full.

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Section 2 – Risk Outlook

This section sets out the key risks that are shaping the Central Bank’s regulation and supervision priorities.

Read Section 2 – Risk Outlook in full.

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Section 3 – Supervisory Priorities

This section elaborates on the key cross-cutting aspects of our regulation and supervision priorities.

Read Section 3 – Supervisory Priorities in full.

Section 4 – A Sectoral Focus

This section outlines the Central Bank’s supervisory strategies, focus and activities for the different sectors that reflect both the cross-cutting risks and each sector’s particular situation.

Read Section 4 - A Sectoral Focus in full.

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Spotlight 1 – Consumer Protection Outlook

The topic of this Spotlight is the drivers of consumer risk.

Read Spotlight 1 – Consumer Protection Outlook.

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Spotlight 2 – Artificial Intelligence: A Supervisory Perspective

The topic of this Spotlight is artificial intelligence (AI). Given its wide application to all sectors, AI is one of the technologies with the greatest transformative potential for the entities the Central Bank supervises and for the Central Bank itself as regulator.

Read Spotlight 2 – Artificial Intelligence: A Supervisory Perspective.

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Spotlight 3 – Financial Crime

The topic of this Spotlight is financial crime which is increasingly prevalent across the whole financial system and society. It can affect all sectors, all financial services users and the wider population, potentially undermining the integrity of the financial system.

Read Spotlight 3 – Financial Crime.

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[1] This figure includes approximately 9,000 investment funds.

Dear CEO Letter - Key regulation and supervision priorities 2024 | pdf 197 KB

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