Ireland: Finance and Banking

In October 2026, the Central Bank of Ireland (“Central Bank”) published a consultation paper (“CP173”) on draft Guidance on Good Practices for the Sound Management of Third-Party Risks (the “Draft Guidance”). Once finalised, the Draft Guidance will replace the Central Bank’s Cross-Industry Guidance on Outsourcing published in December 2021 (the “2021 Guidance”)

The Central Bank of Ireland has issued updated guidance on year-end filing deadlines for investment funds, establishing specific cutoff dates for QIAIF, ELTIF, ICAV, UCITS, and RIAIF applications during the December holiday period. The communication outlines modified processing timeframes and identifies business dates that will not count toward standard review periods, affecting fund managers seeking authorizations or approvals before year-end 2026.

The Central Bank of Ireland has released findings from its thematic review examining how MiFID investment firms manage liquidity risk, revealing both strengths and critical gaps in compliance frameworks. While most firms demonstrate adequate risk assessment capabilities, the review identifies specific weaknesses in limit calibrations, stress testing methodologies, and contingent funding arrangements that require immediate board attention. Firms must now conduct self-assessments against regulatory expectatio