The Compliance Files

Season 3: Episode 16 - Anti-Money Laundering (AML) Insights

In this episode, host Kathy Jacobs speaks with Niall Esler, Partner and Head of the Regulatory Group, Walkers and Shane Martin, Partner and Regulatory Compliance & Data Privacy Lawyer of Walkers on the topic of Anti-Money Laundering (AML).

During this episode Niall and Shane provide insights relating to governance and examine the challenges for firms when outsourcing elements of their AML functions. They also outline how firms approach to business risk assessments has evolved in recent years. Niall and Shane discuss some of the key recent and upcoming developments in AML including the introduction of AMLA, and what sort of impact that we might see with the introduction of AMLA as regards supervision of firms, the single rule- book and trends in enforcement.

Season 3: Episode 15 - Culture

A key role of the Irish Banking Culture Board (IBCB) is to measure progress and cultural change in their member banks. Their goal is to act as transformative influence on culture within the banking sector. In this episode, we speak with Marion Kelly, CEO of the IBCB on the importance of Culture in the Financial Services industry.  

Tune in to hear Marion's insights on what culture means in the context of Financial Services, the challenges of driving cultural change, and the role of the Irish Banking Culture Board in promoting positive cultural practices within the industry. Marian also examines the impact of the Individual Accountability Regime on culture within Financial Services and outlines where culture fits within the ESG agenda.

Season 3: Episode 14 - Central Bank’s 2023 Priorities

In this episode the Central Bank of Ireland Deputy Governor, Sharon Donnery provides valuable insights into the Central Bank’s 2023 priorities. Sharon reflects on how the Central Bank’s and industry’s responses in the last number of years has positioned us as we face the new challenges of 2023 and outlines the challenges that leaders in Financial Services face in charting a course through the uncertainty and complexity of the global economic outlook.

 

Sharon also elaborates on the six principles of the Central Bank’s regulation in order to support positive outcomes and outlines the main challenges that the Central Bank faces when dealing with innovative firms looking to establish here. Plus, gives an overview of what the Central Bank expects firms to be doing now, to address their climate risk exposure.

 

Following, the enactment of the IAF Bill 2022 on 9th March, and the Central Bank launching on 13th March its three-month consultation on key aspects of implementation of the IAF, Sharon outlines the Central Banks hopes for how the Individual Accountability Regime will improve standards in Financial Services firms.

Season 3: Episode 13 - Conduct and Culture

Creating an effective culture will help to drive behaviour, build customer and investor trust, and support operational excellence and growth; having the right culture is essential for achieving good conduct performance.

In this episode, we are joined by two experts in the field of compliance and conduct risk, Mark Satterthwaite, Chief Compliance Officer at Citibank Europe and Paul Quinlan, EMEA Head of Conduct Risk ICRM at Citibank Europe to discuss the topic of Conduct and Culture.

We explore the importance of conduct and culture, the challenges and opportunities of defining and implementing good conduct and culture practices within organisations. We examine how to measure if conduct and culture is working within an organisation and to what extent has the regulatory focus shifted from conduct and culture.

Season 3: Episode 12 - Internal Audit

In this episode of the Compliance Files Podcast, we delve into the role of Internal Audit and how it interacts with Compliance. Anlo Taylor, a Partner in Deloitte Risk Advisory with over 15 years of experience in internal auditing, controls assurance and external auditing gained through her time in industry and practice discusses the complexities of compliance regulations and their impact on businesses. Anlo shares her expertise on the role of Internal Audit and the importance of compliance in the industry. Together, we examine how Compliance and Internal Audit can help senior leaders understand how well their business is meeting important regulatory expectations.

 

Tune in and learn how to navigate the complex landscape of compliance and internal auditing and stay up to date with the latest trends in this field. Thank you for tuning in to the Compliance Files Podcast.

Season 3: Episode 11 - Competition Law for Compliance Professionals

In this episode, we speak with Philip Andrews, the head of McCann FitzGerald's Competition, Regulated Markets, and EU Law Group. As a seasoned practitioner in EU and Competition Law, Philip offers valuable insights into the complexities of competition regulations and their impact on businesses. 

Philip shares his expertise on regulated markets and discusses the latest developments in competition law, shedding light on the importance of compliance in the industry. Tune in to learn how to navigate the complex landscape of competition regulations and stay up to date with the latest trends in the field.

 

Season 3: Episode 10 - The Impact of Regulation on Marketing and Advertising in Financial Services

In this episode, host Kathy Jacobs is joined by Aidan Power, Director of Brand and Marketing at KBC Bank in Ireland, to discuss the impact of regulation on marketing and advertising in financial services. As the first point of contact for customers, advertising has become subject to more complex regulation over the years, making compliance a key concern for the industry. Aidan shares his experience navigating these challenges, and how he works to create a differentiated offering and alternative challenger brand in banking. Tune in to learn about the complexity of regulation in marketing, and how it's driving change in the financial services industry.

Season 3 - Episode 9: Consumer Protection Regulation - Part 2

In the second episode of the Consumer Protection Regulation podcast with Nora Beausang, Nora talks to Kathy Jacobs about the high-level statutory protections applying to lending to consumers in Ireland under both domestic and EU rules.

Season 3 - Episode 8: Consumer Protection Regulation - Part 1

Protecting consumers is at the heart of the Central Bank of Ireland’s mandate. Their role is to ensure that the best interests of consumers are protected while enhancing confidence and trust in the financial system through effective regulation of financial service providers and markets. In a two-part series, we talk to Nora Beausang, solicitor and the author of ‘Consumer and SME Credit Law’ published by Bloomsbury Professional, about consumer protection issues applying to financial services business in Ireland, with a particular focus on lending (cash loans).

 

In the first episode, Nora addresses the role of the Central Bank as conduct regulator, the different categories of lenders (cash loans), the beneficiaries of lending-related consumer protection rules and the thorny issue of the interpretation of ‘consumer’ under those rules. The second episode will deal with the high-level statutory protections applying to lending to consumers in Ireland under both domestic and EU rules.

Season 3 - Episode 7: What is Lifelong Learning and why is it important?

Lifelong learning is broadly defined as the ongoing, voluntary, and self-motivated pursuit of knowledge for either personal or professional reasons. Lifelong learning is about developing your full potential, and will provide you with the possibility of discovery, skills and rewards, both professionally and personally. Developing an attitude of continuous learning is one of the best ways to prosper in today's evolving world.
To understand the importance of upskilling, reskilling and continuous learning, we spoke to Evelyn Cregan, Company Secretary, Director of Executive Education in the IOB and a Lifelong Learner herself.