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Individual Accountability and SEAR

The Individual Accountability Framework, which includes the Senior Executive Accountability Regime (SEAR), will create a fundamental shift in regulatory accountability for both affected firms and individual senior executives in Ireland.

The Central Bank (Individual Accountability Framework) Bill is designed to deliver the Central Bank of Ireland's objective of achieving greater transparency and individual accountability.

Existing regulatory requirements such as Fitness and Probity will be enhanced, and new elements in the area of senior management accountability, the Senior Executive Accountability Framework, will be introduced. Early planning and getting the right specialist advice and support will ensure that your firm is in the best possible position to embrace the new regime, expected to come into force for some firms in early 2023. 

Matheson is here to support your business navigate the implementation of this complex culture change programme. Find out more about our services, our team and browse the useful links for further supporting information.

Recent Updates

Explore the latest insights our Matheson team has created to help firms prepare for the change management programme that will be required to implement the forthcoming regime.

Our Services

Matheson's expert teams can help your business understand the Individual Accountability Framework and incorporate the Senior Executive Accountability Regime through the following services:

Services that Matheson's SEAR and Individual Accountability Framework team can offer

  • Assisting you to make a submission to the Central Bank Consultation Process, or we can make an submission on your behalf; 
  • Advising and training senior executives, board members and project team members on the their expected obligations under the Individual Accountability Framework and SEAR;
  • Supporting you with identifying an appropriate project team made up of internal stakeholders and external advisers; and
  • Identifying and anticipating the issues, implications and pitfalls that can arise in these types of complex culture change projects.

For further information on our services, contact any member of Matheson's expert team.

Preparing for the IAF and SEAR

To find out more about our legal services, the Individual Accountability Framework and how to prepare for the Senior Executive Accountability Regime, view the videos below. 

Our Team

With years of experience of monitoring these developments, we have established a dedicated group listed below to help assist if you have any questions. 

Joe Beashel Partner 362x185
Joe Beashel 
Financial Institutions 

Karen Reynolds Partner 362x185
Karen Reynolds 
Commercial Litigation and Dispute Resolution

Darren Maher Partner 362x185
Darren Maher
Financial Institutions 

Niamh Mulholland
Financial Institutions

Bryan Dunne Partner 362x185
Bryan Dunne
Employment, Pensions and Benefits 

Tara Doyle Partner 362x185
Tara Doyle
Asset Management and Investment Funds