The Central Bank of Ireland has published its Regulatory and Supervisory Outlook, setting out its assessment of key trends and risks shaping the financial sector and its regulatory and supervisory priorities for 2025. The outlook centres on a new supervisory approach designed to deliver a more integrated and holistic view across the Central Bank’s financial regulation mandate. Headline risk areas for the sector and consumers are described as broadly unchanged from last year, though with some rising and others abating. The outlook highlights growing operational risks linked to increasing digitalisation and greater reliance on outsourced third-party services, including cloud service providers, alongside higher cyberattack threat levels and the consumer and wider economic impacts of service outages due to operational incidents. The Central Bank also indicates it will engage proactively during 2025 on the regulatory simplification agenda, while stating that simplification should not compromise financial stability, resilience, or consumer protection.
Central Bank of Ireland 2025-02-28
Central Bank of Ireland publishes 2025 regulatory and supervisory priorities and flags rising operational and third-party risks
The Central Bank of Ireland's Regulatory and Supervisory Outlook for 2025 emphasizes a new supervisory approach for a more integrated view of financial regulation. Key risks remain largely unchanged, with rising operational risks from digitalization and third-party outsourcing, including cloud services, and increased cyber threats. The Central Bank plans regulatory simplification without compromising financial stability, resilience, or consumer protection.