Central Bank launches consultation on evolving regulation

The Central Bank of Ireland has today launched a public consultation (PDF 537.74KB) seeking views on its approach to Regulatory Impact Assessment (RIA) and on its approach to consultation with stakeholders.

The consultation forms part of the Central Bank’s ongoing work to deliver a more effective and efficient regulatory framework, building on our recent new supervisory approach and roadmap of regulatory initiatives (PDF 440.55KB). It reflects the Central Bank’s commitment to ensuring that regulation remains clear, coherent and proportionate, while continuing to support the protections and resilience on which the financial system depends.

Commenting on the launch of the consultation, Governor Gabriel Makhlouf said:

“Good regulation matters for consumers and investors, for firms and the wider economy, and for the resilience and stability of our financial system. As markets evolve and the choices facing policymakers become more complex, we have to keep evolving how we develop policy and how we make decisions.

“Evidence, analysis, engagement and judgement are central to how we develop policy at the Central Bank of Ireland. This has always been the case and is reflected in the important policy decisions we have made.

“This consultation is about strengthening that process: setting out, more clearly and consistently, how we weigh evidence, assess costs and impacts and reach judgements, so that the regulation we deliver is well-founded and well understood.”

“By bringing together evidence, analysis and stakeholder perspectives in a structured and proportionate way, we can ensure that our decisions are informed by the best available information."

The Governor concluded that the consultation reflected the Central Bank’s broader ambition to be a learning institution.

“Effective institutions should be willing to challenge themselves, review their approaches and adapt as circumstances evolve. Good policymaking does not end when a decision is taken.  How a policy is implemented, and the outcomes it delivers, matter just as much. I would encourage everyone with an interest in these issues to engage with this consultation and help us strengthen the way we develop, assess and review policy in the years ahead.”

ENDS

Notes to Editors

Read more in the Governor’s blog.

The Central Bank is interested in hearing from stakeholders across the financial system, including industry, civil society and consumer representatives, the public, policymakers and peer institutions. Submissions are welcomed through the dedicated online submission form, by email, or in writing. The Central Bank will consider all submissions received and will publish a feedback statement in due course.

The deadline for submissions is 30 September 2026.