The list of Designated Public Officials (DPOs) who can be lobbied has recently been significantly expanded.
DisputesThe Pensions Authority's (the Authority) new Supervisory Review Process (SRP) is a key part of its enhanced regulatory framework for prudential supervision of occupational pension schemes in Ireland.
Pensions & IncentivesThe Commission for Regulation of Utilities (the CRU) has published the eagerly awaited Proposed Decision Paper on Large Energy Users Connection Policy (the Proposed Decision).
Energy & Natural ResourcesThe Great British Energy Bill, presently in its Report Stage in the House of Lords, will establish Great British Energy. GBE will be a publicly owned, independent company focused on facilitating, encouraging and participating in the production of clean energy.
Energy & Natural Resources BelfastA statutory instrument giving further effect to the Digital Operational Resilience Act (DORA) in Ireland has been published.
DORAMobile phones feature as a very practical and recurrent issue in dawn raids.
EU, Competition & ProcurementDomestically, the Central Bank of Ireland publishes guide to submitting DORA major ICT-related incident and significant cyber threat reports. At European level, the European Banking Authority consults on guidelines on ESG scenario analysis.
Financial Regulation AdvisoryDomestically, the CBI publishes updates to its guidance documents. At European level, ESMA reminds market participants that the new regime for the reporting of over the counter transactions for post-trade transparency purposes became fully operational.
Asset Management & Investment FundsDomestically, the Minister for Finance imposes restrictions on compensation available under the Motor Insurance Insolvency Compensation Act 2024. At European level, amendments to Solvency II and the Insurance Recovery and Resolution Directive published.
FinanceDomestically, the Central Bank of Ireland sent their phase 2 liquidity management tools survey to all fund management companies. At European level, the International Organisation of Securities Commissions consults on liquidity risk management.
Asset Management & Investment FundsDomestically, the Department of Finance consults on the implementation of the Capital Requirements Directive VI (Regulation EU 2024/1619). At European level, the European Banking Authority publishes its final guidelines on the management of ESG risks.
FinanceIn the last issue of ALG’s ESG & Sustainability bulletin, we discussed what insurers could do to combat climate risk and the protection gap in light of recent extreme weather events at home and abroad. In this article, we consider the possible future use of parametric insurance as a solution for these growing problems.
Insurance & Reinsurance
