Pace of change ‘relentless’ in financial services
A seminar for financial services leaders hosted by law firm Byrne Wallace Shields LLP was addressed by Seána Cunningham (Central Bank director of insurance).
Cunningham explained the regulator’s supervisory priorities, culture, and accountability and the EU horizon.
The Central Bank’s supervisory approach supported becoming more integrated, data driven, and forward-looking, she said at the event (9 December).
Capability
Cunningham said that financial regulation was about more than just compliance; it was also about capability and important supports and guardrails for innovation and change, which were key for the continued resilience of the financial sector and the protection of consumers and investors.
In addition to Seána Cunningham, speakers included Seán Páircéir, (Brown Brothers Harriman), Patrick Burke (Keyridge Asset Management), Carmel Jordan (Mercer), and Ken Somerville (US Bank Ireland).
Commenting, David Naughton (Byrne Wallace Shields LLP head of investment funds and financial-services regulation) said: “In financial services, the pace of change is relentless – geopolitical shifts, technological disruption, regulatory evolution, and changing stakeholder expectations.”
Such a rapidly evolving regulatory and business environment could be challenging, he added, and leadership was not about having a fixed map or rigid playbook but having about agility and authenticity.