 The Central Bank (Individual Accountability Framework) Bill has made the list of 46 pieces of priority legislation for publication and draft this current parliamentary session of Autumn 2021. “I am very pleased Cabinet has approved and signed off on the autumn legislative agenda. This programme further builds on the work already delivered by Government with 62 separate bills published since coming to office in June last year and 62 bills enacted in the same period." Government Chief Whip Jack Chambers TD Government Chief Whip Jack Chambers TD has published the legislative programme for the autumn 2021 Oireachtas session. It contains 46 bills for priority drafting and publication by Ministers in the coming period. One of these is the Central Bank (Individual Accountability Framework) Bill.
The programme was approved by Cabinet following consultation and engagement in recent weeks with government departments, officials and the Attorney General. The Central Bank (Individual Accountability Framework) Bill is described as being to 'introduce the Senior Executive Accountability Regime, conduct standards for regulated financial service providers and persons performing functions in RFSPS, and other legislative changes to facilitate the Individual Accountability Framework' Heads of Bill approved on 27th July 2021. The date for Pre-Legislative Scrutiny is yet to be determined.
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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