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Regulation, Jul 1, 2024

Fitness and probity: The central Bank has been told to change - for firms it can’t happen fast enough

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The Central Bank has committed to revamping its vetting process for senior figures in the financial sector. Industry groups say change is overdue—but the regulator faces some tricky questions.

"Tone in these circumstances is important," said our Chief Executive Michael D'Arcy speaking to Donal MacNamee from Business Post about the recently launched Fitness and Probity report at the Central Bank of Ireland

"And it's important that there's an understanding on the CBI's side that tone matters. You can say something with an incorrect tone, and the import of the conversation changes very significantly."