Preparing for a Central Bank inspection

Mazars was delighted to partner with the Compliance Institute to deliver a webinar on how financial institutions can prepare for a regulatory inspection and how to deliver an effective risk mitigation programme action plan.

On this hour-long webinar, Mazars partner Kian Caulwell, Head of Financial Services Consulting and Cara Hyland, Head of AML advisory, covered:

  • An overview of a typical Central Bank of Ireland (CBI) inspection lifecycle.
  • The key actions your firm can take in preparation for an inspection and why.
  • How to constructively engage with the CBI throughout the engagement.
  • The key considerations when developing your risk mitigation programme action plan, including:
    • Governance and oversight
    • Programme management
    • On-going CBI communication

Compliance Institute website

Webinar Details

Date: Monday,17th April 2023

About the speakers

Cian Caulwell

Kian Caulwell: Partner, Head of Financial Services Consulting

Kian Caulwell is a partner and Head of Financial Services (FS) Consulting in our practice in Ireland with over 16 years’ FS experience. As the Head of FS Consulting, he is responsible for leading our FS regulatory compliance and risk consulting services. He is a qualified Chartered Accountant, a Chartered Internal Auditor and a member of the Consumer Protection Working Group at the Compliance Institute.

He has significant experience in supporting clients in their preparations for regulatory inspections, developing action plans to address regulator feedback and undertaking regulator instructed, independent third-party regulatory assurance reviews across the Irish and UK regulatory jurisdictions. His areas of specialisms include, corporate governance, risk management and compliance governance, consumer and investor protection.

Cara Hyland

Cara Hyland: Head of AML Advisory

Cara joined Mazars in 2022 as Head of AML Advisory, having previously been a senior supervisor within the Central Bank of Ireland’s Anti-Money Laundering Division. At Mazars she advises clients on their regulatory engagement approach as well as undertaking independent third-party regulatory assurance reviews. She has a particular focus in the areas of corporate governance, culture and anti-money laundering and combatting the financing of terrorism.

During her career at the CBI she has held a number of supervisory responsibilities for a broad range of regulated of firms, including wholesale credit institutions, funds, fund service providers, e-money and payment firms.

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Preparing for a regulatory inspection