Central Bank Director of Markets Supervision, Gareth Murphy, spoke at the 5th Annual Funds Congress on the topic of supervision. He noted that Central Bank supervisors deploy a range of tools which include:

  • pre-planned on-site inspections and risk assessments;
  • reactive supervisory investigations;
  • analysis of regulatory returns;
  • thematic reviews; and
  • fitness and probity assessments. 

Mr Murphy's talk focussed on four areas of current supervisory focus:

  • IT and cyber risk;
  • Disclosure of investment fund fees;
  • Leverage; and
  • Stress-testing of investment funds.