Central Bank publishes its enforcement priorities for 2014

[broken link removed]

Enforcement priority areas for 2014:
Banking & Insurance

• Prudential requirements
• Systems & controls

Markets

• Prudential requirements (with a focus on large exposures)
• MiFID conduct of business rules
• Client Asset Requirements
• Timeliness and accuracy of information submitted to the Central Bank
• Systems & controls

Credit Unions

• Prudential requirements (with a focus on reserves, liquidity, lending & investments)
• Timeliness and accuracy of information submitted to the Central Bank
• Systems & controls
• Governance

Consumer Protection

• Code of Conduct for Mortgage Arrears
• Prudential requirements for retail intermediaries and debt management firms
• Professional indemnity insurance
• Firms which fail to engage appropriately with the Central Bank

All Sectors

• Fitness and probity obligations of the Central Bank Reform Act 2010
• Anti-Money Laundering (AML)/Counter Terrorism Financing (CTF) compliance

Regulator's priorities

I think it is interesting that the suitability of investment advice is not among the priorities.

As long as advisers do not believe that this part of what they do is going to face proper scrutiny (unless they are unlucky enough to end up in a courtroom) they are likely to continue not to do proper research and misunderstand risk.

consumer protection;

They are focussing on Prudential Requirements and Professional Indemnity insurance.
Might be advised to focus on Protect the Consumer first on the umpteen miss-sells and tidy up Prudential/Indenity as they go along.
This smells of more paper protection not consumer protection.