Ireland unveils fitness and probity regime

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The Central Bank of Ireland on Thursday published its Regulations and Standards of Fitness and Probity as part of the Central Bank Reform Act 2010.

The legislation gave the central bank wide-ranging powers across the financial services industry to approve or veto the appointment of people to certain positions, investigate and, where appropriate, remove or prohibit certain position holders; and set statutory standards of fitness and probity across the financial services industry.

The newly

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