 "On the whole, I agree with you that there is a limited amount of directorships that can be held with a job being well done." This is around minutes 55-57 (around 2:25pm-2:27pm) at full video at Oireachtas.ie https://media.heanet.ie/page/0382d466362a4d90b07d8e7d7f27fdd9  Central Bank of Ireland's Director of Enforcement & AML and Director of Financial Regulation to appear before Oireachtas Committee Bill 2021 13:30 Wednesday 3 November 2021 Oireachtas Hearing: Director of Financial Regulation - Policy & Risk, Gerry Cross, and Director of Enforcement & Anti-Money Laundering, Seána Cunningham, at Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach on Central Bank (Individual Accountability Framework) Bill. This should be an interesting hearing, and worth tuning in, as we believe it is the first appearance by the Central Bank of Ireland before an Oireachtas Committee on the General Scheme of Central Bank (Individual Accountability Framework) Bill . Copy of the General Scheme here. If you are not familiar with the structure of the Central Bank of Ireland, see the image below showing where Seána Cunningham and Gerry Cross sit within the organisation (as at 29 October 2021) Sources: https://www.oireachtas.ie/en/committees/schedule/ Central Bank of Ireland Author: Peter Oakes, Founder of CompliReg a leading specialist governance, regulatory and compliance strategy firm. Peter established and led the Enforcement and AML/Supervision Directorate of the Central Bank of Ireland as its inaugural Assistant-Director General, then later Director of Enforcement and AML/CFT Supervision. 
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 Speech: Clear standards of conduct, accountability, and robust enforcement mechanisms are essential to fostering trust in the financial services sector "Proposals in the Individual Accountability Framework seek to incentivise positive behaviours and promote improved governance and culture within firms while strengthening the Central Bank’s enforcement toolkit, particularly with respect to individuals, to allow the Central Bank to more effectively hold to account those that fall below the expected standards." Central Bank of Ireland In a speech made Wednesday 13th October 2021, quoting a lot of numbers, such as:
the Central Bank of Ireland covered its work and role in the proposed Individual Accountability Framework which it believes will drive uplift in governance across the board. The proposals in the Individual Accountability Framework seek to incentivise positive behaviours and promote improved governance and culture within firms while strengthening the Central Bank’s enforcement toolkit, particularly with respect to individuals, to allow the Central Bank to more effectively hold to account those that fall below the expected standards.
Posted by: Peter Oakes, Founder of CompliReg a leading specialist governance, regulatory and compliance strategy firm. Peter established and led the Enforcement and AML/Supervision Directorate of the Central Bank of Ireland as its inaugural Assistant-Director General, then later Director of Enforcement and AML/CFT Supervision.
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