The Central Bank of Ireland will launch an innovation hub and industry engagement programme to keep up with the evolving FinTech and regulatory landscapes.
In a speech this morning, the director general for financial conduct Derville Rowland announced that the unit will focus on engagement, sharing and listening.
Both new and existing firms will be able to engage directly with the Central Bank through new specific contact points. “This will start a conversation,” said Rowland. “It will give firms a way to engage with us outside of more formal regulatory interactions.”
The Central Bank also plans to host a series of FinTech roundtables later in 2018, bringing together relevant stakeholders to discuss relevant issues. “Given the pace of change in the FinTech space, we understand the importance of holding these roundtables regularly,” Rowland said.
“We will be pro-active in seeking out engagement, and not simply waiting for it to come to us. We will be out at events and meeting with innovators,” she added. “Importantly, we want to be, and will be, accessible.”
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