Central Bank of Ireland Governor Gabriel Makhlouf, speaking at the Irish Funds Annual Global Funds Conference, called on the funds industry to pursue opportunities from technology and greater retail participation while preserving trust through effective safeguards. He argued that deeper, more integrated European capital markets could retain European savings, attract overseas investment and benefit Irish households and the wider economy. Makhlouf identified three resilience priorities for funds: preparedness for market shocks, operational resilience and robust governance. Firms should strengthen liquidity management, valuation practices and contingency planning, address concentration risks among third-party service providers, maintain tested exit strategies and ensure boards understand critical dependencies. Where activities are delegated, firms must retain genuine decision-making capacity, effective oversight and senior managers with the authority and expertise to challenge or override delegates.

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