Common key areas of focus in 2018 will include: (i) Core supervisory activity: My number one priority is to ensure that my teams deliver an effective, intrusive, analytical and outcomes-focused approach to supervision. We will relentlessly pursue improvements in those areas necessary to bring financial service firms within our supervisory risk appetite.
This will include significant work on the areas I have raised earlier – governance, culture, IT risk, and outsourcing. (ii) Brexit: As I have touched on earlier, Brexit will have a direct and negative impact on the Irish economy. This impact will have knock on effects on the Irish financial services system.