Our experience has been and continues to be that firms which understand their proposed business model, the risks inherent in that and the compliance obligations in place to protect the wider system, are the firms which find the authorisation to be most straightforward. Ireland is a global financial services centre.
We are confident that a credible and thorough authorisation process is part of that story and the continued growth of the sector here. Transforming supervision – necessary for the future Turning from regulation and authorisation to supervision - as the financial system changes, risks change, the use of data changes, and how we draw insights from data changes. So we must change too.