Industry Communication related to Fund Service Providers effectively managing risks due to the Russian war in Ukraine

The Central Bank of Ireland has issued an industry communication in relation to Fund Service Providers effectively managing risks due to the Russian war in Ukraine.

The contents of the communication should be taken into account by Fund Service Providers when responding to unfolding events, particularly with respect to the financial sanctions, valuation of funds, liquidity management and decisions regarding dealing arrangements.  The Central Bank will have regard to the contents of this letter as part of future supervisory engagements or any other action, including enforcement action, the Central Bank might take.