The regulator warned in March of the risk of abuse-related conduct arising from the use of unmonitored, unauthorised or unencrypted telephone and electronic communication devices when employees are working remotely or as part of a hybrid model. Photograph: iStockThe Central Bank said on Thursday that investment firms and credit institutions engaged in securities markets activity had failed to adequately monitor how staff communicate while working from home, raising the risk of market abuse.
Ireland is a major centre for the fund management industry, a regional hub for a number of international banks and has a domestic financial sector, all of which are regulated by the central bank.
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