CBI seeks input on regulatory impact assessment

The Central Bank of Ireland has launched a public consultation to gather feedback on its approach to Regulatory Impact Assessment (RIA) and its methods for stakeholder engagement.

This initiative is a core part of the Central Bank's ongoing work to deliver a more effective and efficient regulatory framework, building on recent supervisory advancements and a clear roadmap of regulatory initiatives.

Governor Gabriel Makhlouf underscored the critical importance of robust regulation for protecting consumers and investors, supporting financial firms, and ensuring the resilience and stability of the financial system.

He emphasized that as markets evolve and policy choices become more complex, the Central Bank must continuously adapt its processes for policy development and decision-making.

Makhlouf reiterated that evidence, rigorous analysis, active engagement, and sound judgment are fundamental pillars of the Central Bank's policy formulation.

This consultation seeks to formalize and strengthen these elements, ensuring that regulatory decisions are consistently well-founded and clearly understood by all stakeholders, thereby enhancing transparency and consistency in policy development.

Governor Makhlouf concluded by emphasizing the Central Bank's ambition to function as a learning institution.

He stated that effective organizations must be willing to challenge their methods, review approaches, and adapt as circumstances change.

Makhlouf stressed that good policymaking extends beyond the initial decision; its implementation and the outcomes it delivers are equally vital.

He encouraged broad participation from all stakeholders, including industry, civil society, and consumer representatives, to help strengthen the Central Bank's policy development and review processes.

Submissions are welcomed via online form, email, or in writing, with a deadline of 30 September 2026.

The Central Bank will consider all feedback and publish a statement.