Ireland: Financial Sector Assessment Program: Technical Note-Update on the Assessment of Implementation of the IOSCO Objectives and Principles of Securities Regulation
IMF Staff Country Reports, September 29, 2016
Source details
- Canonical URL
- Ireland: Financial Sector Assessment Program: Technical Note-Update on the Assessment of Implementation of the IOSCO Objectives and Principles of Securities Regulation
Other formats
Bibliographic details
- Published: September 29, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475542219.002
Summary and scope
- Discusses findings and recommendations in the Financial Sector Assessment Program (FSAP) for implementation of the International Organization of Securities Commissions (IOSCO) Objectives and Principles of Securities Regulation in Ireland.
- Focuses on developments since the 2013 assessment and progress in regulatory and supervisory practice.
Key findings since 2013
- Regulation of securities and associated institutions and markets has witnessed considerable innovation in Ireland.
- The central bank has:
- dedicated more staff to the supervision of securities; and
- taken a more proactive approach to supervision.
- The central bank has developed innovative ongoing systemic analysis.
Outstanding issues and constraints
- Certain issues raised in the 2013 assessment have not been addressed.
- Primary reasons for non-action:
- Any action would require amendments to primary legislation; or
- Changes to EU structures; or
- Other changes beyond the central bank’s unilateral authority.
Thematic subjects and keywords covered
- Subjects: Banking, Financial institutions, Financial instruments, Financial services, Mutual funds, National accounts, Private investment, Securities, Shadow banking.
- Keywords used in the note include: balance sheet assets, client assets, companies act, company legislation, CR, enterprise securities market, Global, insider dealing, investment business firms, investment funds, ISCR, legal costs, management company, Mutual funds, Private investment, risk management, Securities, securities market firm.
International Monetary Fund. Monetary and Capital Markets Department "Ireland: Financial Sector Assessment Program: Technical Note-Update on the Assessment of Implementation of the IOSCO Objectives and Principles of Securities Regulation", IMF Staff Country Reports 2016, 314 (2016).