6Central Bank (Individual Accountability Framework) Bill 2022, Regulatory Impact Analysis 7The Probability Risk and Impact System (PRISM) is the Central Bank’s risk-based framework for the supervision of  regulated firms. 8Those individuals who may exercise a significant influence on the conduct of the firm’s affairs. ©2023 Central Bank of Ireland
The deterioration in international economic conditions was so rapid that no policy response could prevent a period of near-term weakness in the Australian economy. We are being affected by the global downturn, and cannot realistically expect other than weak conditions in the first part of 2009.