IAF - Individual Accountability Framework Standards and Guidance

This session is to help members understand the key elements of the Individual Accountability Framework (IAF). The Central Bank of Ireland (CBI) has concluded its consultation phase, leading to the release of a Feedback Statement along with new Regulations and Guidelines on the IAF. This initiative aims to reinforce governance, performance, and accountability in the financial services sector.
Learning Objectives
At the end of this session, delegates will be able to:
- Describe where responsibility and decision-making lie within the firm’s senior management.
- Outline & apply firm’s obligations to proactively certify that individuals carrying out certain specified functions are fit and proper.
- Summarise Common Conduct Standards and senior executives to understand Additional Conduct Standards.
- Summarise the key elements of the IAF and actions required.