Introduction
Good morning ladies and gentlemen. I am delighted to be here at the Association of Compliance Officers of Ireland’s (ACOI) annual conference. Thank you for the invitation to speak here today.
It is the second time this year that I have spoken at an ACOI event, which I hope is evidence of how important I consider the role of compliance to be to our mandate of safeguarding the stability of the financial system and protecting consumers.
When I spoke at your event in March, I covered, among other topics, my expectations of compliance officers. This warrants repeating. My comments today will also cover the recent restructure of the Central Bank’s financial regulation functions, a summary of relevant issues arising from our work in 2017, and some of our priorities for 2018.
Central Bank restructuring of Financial Regulation
On the 1 September 2017, the Central Bank’s financial regulation function was split into two distinct pillars: prudential regulation and financial cond
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