The Central Bank issued a Dear CEO letter on Securities Markets Conduct Risk which addresses the findings from its wholesale market conduct supervisory work in 2019. The letter notes areas for improvements and sets out the Central Bank's expectations of firms in relation to managing market conduct risk and outlines the Central Bank's areas of focus for market conduct supervision in 2020.
Financial Regulation
In Part 1, we looked at judgments from the Crown Court and High Court in Northern Ireland dealing with a source disclosure order and an interim application concerning Facebook. In Part 2, we consider the Court of Appeal's judgment involving reporting restriction orders and Sir John Gillen's report into the law on serious sexual offences.
Disputes
It was a relatively quiet year, with only three published judgments from the Northern Ireland courts (the same as in 2018). There was one Court of Appeal case, involving reporting restriction orders, with the Crown Court and High Court delivering judgments dealing with a source disclosure order and 'revenge porn' images.
Disputes
Enda Hurley (Partner and Head of Litigation), Helen O'Connor (Knowledge Lawyer) and Stephen King (Associate) in A&L Goodbody's Litigation & Dispute Resolution department, provide a practical insight into Litigation & Dispute Resolution in Ireland.
Disputes
While the prospect of a new government being formed currently appears to be a long way off, there is no doubt that Sinn Féin, having secured the most first-preference votes in the recent general election, is a strong contender to be in the next government.
Employment
Perhaps unsurprisingly given the how tough Ofwat's decisions for the 2020-25 price controls were expected to be several large companies (Bristol Water, Anglian Water and Yorkshire Water) have opted to have the determinations referred to the Competition and Markets Authority (CMA).
Belfast
There has been widespread media coverage this week of Indeed.com's offices in Dublin being closed over fears that an employee may have been exposed to COVID-19, the official name given to the coronavirus by the World Health Organization (WHO).
COVID-19
The Court of Justice of the European Union (CJEU) (including the General Court) comprises judges nominated by each of the European Union (EU) Member States.
BrexitDomestically, the CBI has announced its supervisory and enforcement priorities for this year; At European level the EBA has published updated guidelines on fraud reporting under PSD2.
Financial RegulationDomestically, Department of Finance publishes summary of responses to its public consultation on climate change and insurance; At European level EIOPA publishes the technical specifications for the Market and Credit Risk Comparative Study YE2019
Financial RegulationDomestically, the CBI issued clarification on the pre- and post-authorisation certification process for UCITS index certification or confirmation; At European level ESMA published its annual statistical report on EU AIFs on 10 January 2020.
Financial RegulationDomestically, the CBI has updated its reporting requirements for MiFID investment firms; At European level ESMA has announced its key priorities for 2020-2022, with the release of its Strategic Orientation.
Financial Regulation
