The regulated entity appoints the ‘reviewer’ (subject to CBI approval) and is responsible for the management and remuneration of the reviewer with the final report provided both to the reviewer and to the CBI.
The CBI has said that the skilled person may be an auditor, actuary, accountant, lawyer or any other person with the relevant business, technical or technological skills.
The appointment of a skilled person must be approved by the CBI which will have regard to the skills, experience and independence of the proposed reviewer.
Mazars has extensive experience in the execution of skilled person reviews as required by regulatory authorities in relation to risk diagnosis, prevention or remediation, whether in the UK under equivalent legislation (‘Section 166 reports’) or here in Ireland since the Act was introduced in 2013. This work has to date included a number of large Section 166 and other regulatory reviews and investigations into mis-selling, inappropriate lending practices, treatment of small and medium-sized enterprise (SME) customers and a range of other topics.
Mazars draws on its subject matter expertise and breadth of its financial services group in Ireland and Internationally to ensure that the correct team is assembled. We are very familiar and comfortable with skilled person reviews and understand the expectations of the regulator and the impact on the firm and the manner in which both should be balanced.
The role reports to the President and provides executive, administrative, and development support. The Director of the Office of the President serves as the primary point of contact for internal and external stakeholders on all matters pertaining to the President, serves as a liaison to the Governing Body and senior leadership team when required, and oversees internal and external communications for...
The purpose of this role is to lead the strategy, operational planning and management of the Institutional Research & Data Analytics operations, activities, and staff. The Director will guide the overall vision of the function by implementing effective strategies for data management and data analytics to support the centralised collection, management, analysis, interpretation, and reporting of data....
The purpose of this role is to lead the strategy, operational planning and managing of the Human Resources operations, activities, programmes and staff, including the EDI and Transformation and Change functions.
In an ever-changing regulatory landscape, we help our clients embrace reform, reshape their strategies, and mitigate regulatory risk.
Insight and innovation to help you navigate the dynamic landscape of financial services tax
Qualified specialists and integrated support to your accounting and finance team
Mazars actuarial consultants have in-depth knowledge and experience of the challenges and opportunities in the Irish insurance market.
Achieve outstanding results for your business
Tailored solutions for assurance and value creation in a changing world
Independence and rigour that provides confidence and transparency for stakeholders and society.
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