CBI Thematic Review – Fund Management Companies’ Governance, Management & Effectiveness

CalQRisk Analysis – Central Bank of Ireland Thematic Review

Fund Management Companies’ Governance, Management & Effectiveness

The Central Bank of Ireland (CBI) recently published the outcome of its thematic review on the implementation of its framework for governance, management and oversight in Fund Management Companies (FMCs).

Overall, the review found that where the framework was correctly applied by firms, it ensured robust governance and oversight arrangements. However, a significant number of FMCs have not fully implemented the framework, with many only able to demonstrate limited changes since the introduction of the framework several years ago.

As a result of these findings, the CBI has requested that all FMCs critically assess themselves against the relevant requirements, as well as against the findings in the thematic review. This assessment and associated action plan must be agreed and approved by the Board by the end of Q1 2021.

Read our analysis of the key findings here.

 

 

 

 

 

 

 

If you are interested in learning more about how CalQRisk can help with Governance, Risk and Compliance in your organisation, click here to contact us.

Recent News

Footprint Underwriting onboards CalQRisk for risk management and compliance

Footprint Underwriting, a leading underwriting agency in Ireland, has recently implemented the CalQRisk solution in order to enhance ...
Read More

Climate-Related & Environmental Risk Assessment Guide

A Climate & Environmental Risk Assessment Guide was issued to Risk Advisory Service subscribers in Dec 2023 following ...
Read More

Loan Product Risk Assessment Guide

The Risk Advisory Service Loan Product Risk Assessment Guide circulated recently provides a framework for conducting risk assessments ...
Read More

Risk Today – Strategic Planning

Last quarter’s Risk Today e-zine for CalQRisk’s Risk Advisory Service subscribers, focusses on how Risk Management Officers can ...
Read More

Learning Lessons from Incidents

All organisations experience “Incidents”. Some call them by other names: “Near Misses”, “Mistakes”, “Errors & Omissions”, “Operational Errors”.  ...
Read More

CalQRisk included on RegTech100 list for 2024

CalQRisk was named as part of the RegTech100 list for 2024. The RegTech100 is an annual list of ...
Read More

6 things you need to know about the Individual Accountability Framework (IAF)

The Central Bank of Ireland has recently released regulations and guidance on the Individual Accountability Framework (IAF). Here ...
Read More

Paysend chooses CalQRisk as their Risk Management Solution

Paysend, a next generation integrated global payment ecosystem, has recently implemented the CalQRisk solution in order to enhance ...
Read More

ESG and Sustainability Reporting

The practice of businesses promoting sustainability and social responsibility in their operations can be traced back to the ...
Read More

CalQRisk Wins Best RegTech Solution at National Fintech Awards

CalQRisk, a leading provider of Governance, Risk & Compliance solutions has won the ‘Best Regtech Solution Award’ at ...
Read More