Central Bank of Ireland publishes supervisory framework document (centralbank.ie)

• The Central Bank of Ireland updated its supervisory framework in May 2026, covering 3,300+ firms and 9,100+ investment funds.
• Supervision is based on five principles: outcomes-focused, risk-based, judgement-led, forward-looking, and firms' responsibilities.
• Close & continuous supervision applies to systemically important firms, determined by factors like systemic nature and consumer impact.

"The Central Bank of Ireland released its updated supervisory framework document, 'Our Approach to Supervision,' detailing principles and practices for regulating over 3,300 firms and 9,100 investment funds. It outlines supervisory principles (outcomes-focused, risk-based, judgement-led, forward-looking, firms' responsibilities) and practices including sectoral supervision and close & continuous supervision for systemically important firms. The document emphasizes the Individual Accountability Framework and risk identification processes, aiming to safeguard consumers and financial stability through proportionate, escalation-based enforcement."