Central Bank of Ireland

We were privileged to welcome Mary Robinson (Chair of The Elders, former and first female President of Ireland and former UN High Commissioner for Human Rights) to speak to our people at our One Bank conference this week. A passionate advocate for gender equality, women’s participation in peace building, human dignity and climate justice, Mrs Robinson spoke about “Addressing the Climate and Nature Crisis With Urgency”. She highlighted why the “next five or six years are going to be the most important in human history” and provided thought-provoking insights into the role of central banks in warning about climate-related economic risks. Mrs Robinson also spoke about the need to always bring hope and emphasised that “We’re on the cusp of a much better world.”

On Monday 7 October at 12pm IST, Derville Rowland (Deputy Governor, Consumer and Investor Protection) will host a global webinar focusing on technology and digital finance. This webinar is part of World Investor Week, a campaign organised by the International Organization of Securities Commissions - IOSCO to raise awareness about the importance of investor education and protection. Deputy Governor Rowland is an IOSCO Board Member and chairs the IOSCO Retail Investor Coordination Group. 

Over the last few weeks, we held the autumn meetings of the Financial Industry Forum Subgroups. The Domestic Subgroup meeting, chaired by Derville Rowland (Deputy Governor, Consumer and Investor Protection), took place this week. The International Subgroup, chaired by Sharon Donnery (Deputy Governor, Financial Regulation), and the Innovation Subgroup, chaired by Gerry Cross (Director of Financial Regulation - Policy and Risk), met in September. These meetings generated rich and valuable discussions between the Central Bank and industry representative bodies, covering issues such as our work to transform how we regulate and supervise, the establishment of our Innovation Sandbox Programme, AI, the implementation of the Individual Accountability Framework (IAF), and regulatory developments at domestic, EU and international level.  We look forward to hosting the Financial Industry Forum Plenary meeting in December. 

Meeting infrastructure needs, now and into the future, matters for people and businesses in Ireland. And, from a public policy perspective, high-quality infrastructure is a necessary foundation for achieving long-term, sustainable growth.  Speaking at the Irish Planning Institute's Autumn Planning Conference, Vasileios Madouros (Deputy Governor, Monetary and Financial Stability) spoke about current infrastructure needs in Ireland and the macro-economic trade-offs of increased investment in infrastructure. See comments for link to the full remarks.

We welcomed Prof. Refet Gürkaynak (University Bilkent, Turkey) to the Central Bank this week as the first Visiting Scholar to participate in our Research Engagement Programme. Prof. Gürkaynak is a global authority on the empirical investigation of the impacts of monetary policy decisions on prices, financial markets, and the economy. This week, he is meeting members of our research and policy teams to discuss monetary policy issues and frontier research topics. On meeting Prof. Gürkaynak, Deputy Governor Vasileios Madouros said: “It is a great pleasure to welcome Prof. Gürkaynak to the Central Bank. His research has been instrumental in shaping the way in which our researchers investigate the impact of monetary policy on the economy. We see these research engagements with global experts as an important enabler for us in achieving our strategic goals, and in delivering on our broad mandate.” Find out more about our Research Engagement Programme: https://lnkd.in/d2vYH5XX

Ever wondered what it’s really like to work at Central Bank of Ireland? We brought together some of our recent graduates for an insightful roundtable discussion, where they share their experiences, challenges, and the exciting opportunities they’ve encountered here. Watch the full video series to learn more about their journeys and why the Central Bank could be the perfect place for you to start your career. Link to full video series in comments. #ForThePublicGood #GraduateProgramme #GraduateOpportunities  

Read remarks by Vasileios Madouros (Deputy Governor, Monetary and Financial Stability) from the Housing Infrastructure and Planning Convention on 26 September. Deputy Governor Madouros spoke about Central Bank of Ireland's economic assessment of the key factors that will shape the housing system’s ability to increase supply. See comments for link to the full remarks.

Speaking at the "Future of Financial Intelligence Sharing" event in Dublin on 25 September, Derville Rowland (Deputy Governor, Consumer and Investor Protection) spoke about how being "future-focused" is a central theme of the Central Bank’s strategy. She outlined how we are evolving our regulatory frameworks and structures, and how we are leveraging technology and innovation to strengthen our abilities to protect consumers and investors. Deputy Governor Rowland also announced that we are now seeking applications to our first Innovation Sandbox Programme, which is centred around the theme of “Combatting Financial Crime”. The programme is open to all sectors of the financial system such as authorised incumbent firms, start-ups scaling innovation, fintechs seeking authorisation, technology businesses providing services to financial firms, and academic commercialisation projects. The aim of the Innovation Sandbox Programme is to inform the early stage development of selected innovative initiatives that promote better outcomes for consumers and the financial system. Through the programme, we aim to provide regulatory advice and support to firms on their innovative projects, in line with our public policy objectives.   See comments for links.  #innovation #fintech #startups #financialcrime #fraud

✏️In his latest blog, Governor Gabriel Makhlouf delivers an open letter to economics students where he outlines some of his learnings as both a student and from his professional life, working in institutions that are involved in public policy. He also encourages students to consider Central Bank of Ireland as part of their future career options. Read the full blog: https://lnkd.in/g532qMYN

At the AFME's eighth Annual European Compliance and Legal Conference, Derville Rowland, Deputy Governor, Consumer and Investor Protection, spoke about the regulatory outlook for financial services in Europe and Ireland in the context of a rapidly changing, more uncertain and ever challenging world. Read the full remarks: https://lnkd.in/ePKGqBvD