Global Trustee and Fiduciary Services Bite-Sized Issue 1 | 2026

16 QUICK LINKS AI BENCHMARKS REGULATION (UK) CRYPTOASSETS EMIR FSB FUND LIQUIDITY MIFID/MIFIR IOSCO RETAIL INVESTMENT STRATEGY SAVINGS & INVESTMENTS UNION SUSTAINABLE FINANCE/ESG ASIA PACIFIC EUROPE IRELAND NORTH AMERICA UNITED KINGDOM Global Trustee and Fiduciary Services Bite-Sized | Issue 1 | 2026 IRELAND Central Bank of Ireland Publishes Roadmap to Deliver a More Effective and Efficient Regulatory Framework On 10 December 2025, the Central Bank of Ireland (Central Bank) published ‘Regulating and Supervising Well – A More Effective and Efficient Framework’ (the Report). The Central Bank says the Report outlines how it will, in line with initiatives across Europe, enhance the effectiveness and efficiency of its supervision and domestic regulatory framework, improve gatekeeping processes, and deliver a more integrated and less burdensome reporting and data framework. These initiatives form part of a multi-year programme aligned with the Central Bank’s strategic commitment to transform regulation and supervision in a rapidly changing financial environment. The Report outlines the Central Bank’s work across four pillars: Supervision The Central Bank’s new integrated, risk-based supervisory approach, introduced earlier in 2025, brings together multidisciplinary teams, sharper risk focus, and clearer supervisory communications. Regulation The Central Bank says that it is updating its domestic rulebook, retiring or consolidating outdated provisions, and aligning national requirements with evolving EU frameworks. Some key initiatives include: • A major compatibility review of insurance regulations to eliminate duplication with Solvency II reforms; • In addition to international work, review domestic banking rules that pre-date CRD V/CRR; • Following simplification of the Credit Union Lending Framework, updating the Credit Union Handbook; • Changes to the AIF rulebook and UCITS regulation and a full review of the Fund Service Provider Framework; • Updated cross-sectoral guidance on operational resilience, outsourcing and governance; and • A new Regulatory Impact Assessment Framework. Gatekeeping Building on improvements already delivered, including shorter processing times and clearer expectations, the Central Bank says that it will establish a Gatekeeping Division to further enhance consistency, transparency and timeliness across authorisations and Fitness & Probity processes. Reporting and Data The Central Bank states that it is undertaking a comprehensive review of domestic reporting requirements, introducing a discipline-by-design model to ensure all data collections are purposeful, proportionate and non-duplicative. This work aligns with European initiatives to streamline bank reporting and reduce unnecessary burden. Link to Regulating and SupervisingWell – AMore Effective and Efficient Framework here