On 13 June 2014, the Central Bank of Ireland (the Central Bank) published Consultation Paper 81/2014 (CP 81).

The paper signals the Central Bank's proposed approach and perspectives in relation to the possible exemption of SME Investment Firms from being subject to the capital conservation buffer and the countercyclical capital buffer being introduced by provisions contained within the Capital Requirements Directive IV (CRD IV) and Capital Requirements Regulation (CRR).