Central Bank Director of Enforcement Derville Rowland spoke concerning enforcement at the Central Bank noting;

  • The Enforcement Directorate was established as a separate and distinct directorate within the Central Bank organisational structure in 2010.
  • The administrative sanctions procedure cases.
  • The role of enforcement.
  • The Central Bank (Supervision and Enforcement) Act 2013 (which significantly enhanced the supervisory and enforcement powers of the Central Bank).
  • Developments (with particular reference to the Directorate’s work in relation to anti-money laundering, and the impact of the introduction of the Single Supervisory Mechanism