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pc nid 93420 Jun 23, 2026 csoo@vixio.com Ireland Central Bank of Ireland horizon scanning
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Central Bank of Ireland Launches Consultation on Regulatory Impact Assessment and Stakeholder Engagement Approach

On June 22, 2026, the Central Bank of Ireland launched a public consultation seeking views on its approach to Regulatory Impact Assessment (RIA) and stakeholder consultation. The consultation forms part of the Central Bank's work to deliver a more effective and efficient regulatory framework, building on its recent supervisory approach and roadmap of regulatory initiatives. The Central Bank aims to ensure that regulation remains clear, coherent, and proportionate while continuing to support protections and resilience in the financial system. Governor Gabriel Makhlouf said the consultation reflects the Central Bank's commitment to strengthening its policy development process by setting out more clearly and consistently how it weighs evidence, assesses costs and impacts, and reaches judgements. The consultation seeks to ensure that regulation is well-founded and well understood by bringing together evidence, analysis, and stakeholder perspectives in a structured and proportionate way. The Central Bank is interested in hearing from stakeholders across the financial system, including industry, civil society and consumer representatives, the public, policymakers, and peer institutions. The Governor emphasized that effective institutions should be willing to challenge themselves, review their approaches, and adapt as circumstances evolve, and that good policymaking extends beyond the initial decision to include implementation and outcomes assessment. Submissions are welcomed through the dedicated online submission form, by email, or in writing. The deadline for submissions is September 30, 2026. The Central Bank will consider all submissions received and will publish a feedback statement in due course. **Reference:** Central Bank of Ireland Press Release, June 22, 2026: https://www.centralbank.ie/news/article/central-bank-launches-consultation-on-evolving-regulation

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Ireland's Central Bank Consults on Regulatory Impact Assessment and Stakeholder Engagement Approach

On June 22, 2026, the Central Bank of Ireland launched a consultation (CP 170) seeking views on its approach to Regulatory Impact Assessment (RIA) and stakeholder consultation. The consultation forms part of the Central Bank's work to deliver a more effective and efficient regulatory framework. In particular, this paper seeks feedback on: A draft Statement of Approach to Regulatory Impact Assessment. This element of sets out how the Central Bank proposes to assess regulatory interventions, including identifying problems, considering options and evaluating potential impacts. A proposed updated approach to public consultation. is reflects current practices and emerging thinking on how consultation can most effectively support policy development. Feedback on this section will inform an update of the Bank's consultation policy to be published in due course. The remainder of this consultation paper is structured as follows: Chapter 2 sets out the rationale for consulting on these matters and explains how the two elements are connected. Chapter 3 presents the draft Statement of Approach to RIA. Chapter 4 outlines the proposed approach to public consultation. Chapter 5 contains the consultation questions. Chapter 6 provides information on how to make a submission. The deadline for this consultation is September 30, 2026, and responses can be made through the online form or by email to stakeholderengagement@centralbank.ie with the following subject heading "Consultation Paper 170 – Approach to RIAs and Consultations".