Within that framework, the Central Bank operates a robust and effective approach to supervision that underpins our aim of enhancing the standing and reputation of the Central Bank (such that it is trusted by the public and respected by our peers), and the wider reputation and long-term attractiveness of Ireland as a financial services centre.
Delivery of our overarching vision for the financial services system requires that we deliver effective, intrusive, analytical and outcomes-focused supervision. This is risk-based and anchored by our PRISM supervisory methodology. Our supervisory effort involves our day to day supervisory team engagement with regulated firms; in-depth and intensive inspections; and high quality analysis designed to support and challenge the supervisory work.