📊 Today, Irish Funds held our first Service Provider #Forum of 2024 at State Street offices, focusing on key asset servicing trends and the Central Bank of Ireland's regulatory and supervisory priorities for 2024. Thank you to our #Council members, Terri Dempsey, State Street and Ken Lambe, Northern Trust for organising the event and to all our Fund Administrator and Depositary Service Provider members who joined.
🔍 Firstly, Accenture's Caroline Chambers and Shane Mulcahy presented an insightful overview of asset servicing trends and effective navigation strategies for Service Providers. Key themes included reinvention and digital transformation, keeping pace with change, elevated client expectations and driving economies of scale.
🏦 This was followed by John Canny from the Central Bank of Ireland who outlined key regulatory and supervisory themes for Service Providers, including operational resilience, outsourcing and delegation, US T+1 settlement, Data requirements and the upcoming ESMA Depositary Peer Review.
💼 The discussion provided valuable insights into navigating the upcoming regulatory and supervisory priorities and we look forward to further engagement with the Central Bank of Ireland throughout 2024.
Thank you to our speakers and members for the interactive session.
Eoin FitzGerald, John Maguire, Declan Quilligan, Donncha Morrissey, Valerie Slattery, Brendan Toolan, Andrea Lennon, Ian Duffy, Donal O'Neill, Adrian Beattie, Isabelle Porte, John Weedle, Gary Pike, Gary O'Leary, Christina McCarthy, Diarmaid O'Hanlon, Liam Butler, Susan Byrne, Joy Kiely, Adrian Lyons, Ruth Fairclough, Jennifer Reilly, Michelle Spencer, Derrick O'Rourke, Colin O’Neill
#IrishFunds #AssetServicing #Regulation #Administration #Depositary #IndustryInsights
CEO @ Irish Funds & Non Executive Director (various)
2yGreat idea and look forward to future ones!