ByrneWallace hosts seminar on Transforming Culture in Regulated Financial Services in Ireland

ByrneWallace in conjunction with Alvarez & Marsal welcomed senior representatives from leading Irish and international financial institutions for a discussion on Transforming Culture in Regulated Financial Services in Ireland.

Partner and Head of Financial Services at ByrneWallace, Joe Gavin, and Associate, Sean Rooney, outlined the impact of Central Bank legislation in rebalancing duties and responsibilities of regulated financial firms. They were joined by David Lawton, Managing Director and Jeremy Heales, Senior Advisor from the London office of Alvarez & Marsal, who provided an insight and guidance on what can be learned from UK misconduct and UK supervisory experiences.

Keynote speaker, Dr Martin Moloney from the Central Bank of Ireland (“CBI”), provided an insight into the CBI’s current thinking on the challenges facing firms and their advisors in tackling culture as a regulatory risk. Dr Moloney made a policy statement on why the CBI is asking firms to focus on culture and naming culture as a cause of many of the regulatory problems we face. Dr Moloney's full policy statement can be read here. 

For further information on our advisory services for regulated financial firms, please contact a member of our financial services regulation team.