Wholesale Market Conduct Risk

Description

In 2018, the Central Bank established a dedicated Wholesale Market Conduct Team in order to carry out market conduct risk assessments of firms engaging or applying to engage in wholesale market activity.

 

Due to the increase in scale and sophistication of wholesale financial market activity conducted in and from Ireland and by branches of Irish firms in other jurisdictions, the Central Bank has enhanced its approach to the supervision of this sector. This includes developing systematic capabilities to supervise conduct in wholesale markets.

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This training module introduces the concept of market conduct risk in the wholesale markets, tracks global regulatory developments, and in particular industry communications and initiatives of the Central Bank. It is accompanied by an assessment that will assist the validation of Learner's knowledge and understanding of wholesale market conduct risk and support Learners to apply those learnings to their individual firms. 

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Learning Objectives

Learners will attain an understanding of the concept of wholesale market conduct risk, regulatory initiatives including the Central Bank industry communications 2019-2020. 

 

Each Learner will complete a 3 part module covering the following:

Part 1

a) Wholesale Market Conduct Risk: An Introduction

b) Defining Wholesale Market Conduct Risk

c) Central Bank of Ireland Supervisory Framework

Part 1 Knowledge Check

Part 2: Central Bank of Ireland Industry Communications and Initiatives

a) March 2019 Dear CEO Letter: Wholesale Market Conduct Risk

b) April 19 CBI Survey: Wholesale Market Conduct Risk Identification and Assessment

c) Jan 2020 Dear CEO Letter: Securities Market Conduct Risk 

Part 2 Knowledge Check

Part 3

a) UK Perspectives

b) Recommendations

Assessment

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Timing

The duration of this 3 part module is approximately 50 minutes. Each section is followed by a knowledge check and we have allocated 4 minutes to complete these. We have allocated up to 20 minutes for the assessment that follows the completed module.