Individual Accountability Framework (IAF)
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Level: Beginner
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Duration: 1 Hour
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Access: 1 Year
Course overview
This tutorial describes the IAF in detail, with particular focus on the key areas covered by the new rules – the Senior Executive Accountability Regime (SEAR), Conduct Standards, enhancements to the existing Fitness & Probity (F&P) Regime and modifications to the Administrative Sanctions Procedure (ASP). The tutorial is particularly relevant to those with no knowledge or experience of the IAF, though there is sufficient detail to make it useful to those with some familiarity as well.
Course Outline
The Individual Accountability Framework (IAF) is one of the most significant regulatory developments in Ireland in recent times. Its overarching objective is to improve governance, performance and accountability in relation to regulated financial service providers and their management/employees. By establishing a clear framework as to who is responsible for what within these firms, the reforms will encourage greater individual accountability and enhance the Central Bank's ability to hold individuals to account when their conduct or performance falls below regulatory expectations.
This course describes the IAF in detail, with particular focus on the key areas covered by the new rules – the Senior Executive Accountability Regime (SEAR), Conduct Standards, enhancements to the existing Fitness & Probity (F&P) Regime and modifications to the Administrative Sanctions Procedure (ASP).
What You Will Learn
Topic 1: Overview of the Individual Accountability Framework
Topic 2: Senior Executive Accountability Regime (SEAR)
Topic 3: Conduct Standards
Topic 4: F&P Regime
Topic 5: Administrative Sanctions Procedure (ASP)
Gain Industry Knowledge and a Certification
Test your knowledge throughout each tutorial with
regular review questions.
regular review questions.
End each tutorial with a short, graded test designed to enhance knowledge retention.
Gain a shareable professional certification.