CBI Ireland

CBI Ireland, or the Central Bank of Ireland, is the regulatory body responsible for overseeing and supervising the financial sector in Ireland. It is an independent government agency that was established in 1943.

CBI Ireland History

The Central Bank of Ireland was established in 1943 as part of a broader effort to establish a stable and efficient financial system in Ireland. The agency was created to provide a more effective and efficient approach to financial regulation, with a greater emphasis on consumer protection and market integrity.

CBI Ireland Scope

CBI Ireland has a broad scope of responsibility, with the main objective being the protection of consumers and the stability of the financial system in Ireland. The agency is responsible for regulating and supervising a range of financial activities, including banking, insurance, securities, and other financial services.

CBI Ireland Supervision

One of the key functions of CBI Ireland is to ensure the safety and stability of the financial sector in Ireland. To achieve this, the agency has the power to supervise and regulate all financial institutions operating in the country. CBI Ireland monitors the financial health of these institutions, assesses their risk management practices, and ensures that they comply with relevant regulations and laws.

CBI Ireland Capital Guarantee

The Central Bank of Ireland (CBI) offers a compensation guarantee to protect investors in the event of a member firm’s insolvency or bankruptcy. The Investor Compensation Scheme provides coverage for investors up to a maximum of €20,000 per eligible claim, per investor.

Organization Type

CBI Ireland is an independent government agency, and as such, it is funded by the Irish government. The agency is governed by a Governor, who is appointed by the Irish President. The Governor is responsible for the overall direction and strategy of the agency, while the day-to-day management of the agency is handled by various departments.