Peer Reviews

OECD Review of Central Bank of Ireland consumer protection supervisory functions

In 2024 the Central Bank of Ireland commissioned the OECD to review its supervisory functions against the global standards for financial consumer protection – the G20/OECD High-Level Principles on Financial Consumer Protection. The review involved an in-depth assessment of the Central Bank’s approach by the OECD, and was also informed by feedback provided by key external stakeholders in a series of mission meetings. The OECD assessment found that the Central Bank is strongly committed to fostering and upholding the G20/OECD Principles, aligns with international standards and that its practices are consistent with peer regulators.

The review was the first review of a country or public authority carried out by the OECD against the G20/OECD Principles.

Summary Report of External Reviews of Regulatory Function

The Central Bank requested Promontory Financial Group, LLC, to prepare a summary of five external reviews of Irish financial law and regulatory functions completed between 2013 and 2015 by the International Monetary Fund, the International Credit Union Regulators’ Network, and the Netherlands Authority for the Financial Markets.

The Summary Report and five external reviews are available below.

Summary Report of External Review of Regulatory Function by Promontory Financial Group, LLC

• IMF Report on Observance of Standards and Codes on Banking Supervision
• IMF Report on Observance of Standards and Codes on Securities Regulation
• IMF Report on Observance of Standards and Codes on Insurance Core Principles
• International Credit Union Regulators' Network Peer Review of Credit Unions
• Netherlands Authority for the Financial Markets Peer Review of the Consumer Protection Function

IMF Financial System Stability Assessment - 2022

On 7th July 2022, the International Monetary Fund published a Financial System Stability Assessment of Ireland, as part of its Financial Sector Assessment Program (FSAP). FSAPs assess the stability of the financial system as a whole and are intended to help countries identify key sources of systemic risk in the financial sector and implement policies to enhance its resilience to shocks and contagion.

ICURN

• International Credit Union Regulators' Network - Peer Review Report
• International Credit Union Regulators Network – Peer Review Report November 2023