CUMA Salary Review Survey 2017

Mazars were engaged by CUMA to design an online Salary Survey aimed at key members of Credit Union management teams in April 2017 to;

Assess the salary and benefits those key members of the management teams, which primarily focussed on two key areas i.e.:

  • Gross Salary Package – e.g. basic salary, salary reviews
  • Benefits – e.g. pension, holiday entitlement

In additional some level of demographic information was also sought as part of the process to add context and understanding.

The following categories of Credit Union managers were invited to participate in the Survey:

  • CEO’s who were also asked to complete the survey on behalf of their management team.

The survey was structured to gain insight into a number of different areas including, salary, benefits, pensions and a range of profiling questions about the respondents. The respondents were asked to complete a survey about themselves and to them complete a survey for each of their Management Team. The data collected presented findings and trends relating to both the CEO respondents and their Management teams. The results of the survey are presented in the following format:

  • Overview of respondents
  • CEO and Management Team salary
  • CEO and Management Team bonus and benefits
  • CEO and Management Team pension

Download full report here CUMA Salary Survey Report July 2017

Ed Sibley at Oireachtas Committee on Housing Planning

Opening statement by Ed Sibley, Director of Credit Institutions Supervision & Acting Registrar of Credit Unions at the Joint Oireachtas Committee on Housing, Planning, Community & Local Government View the Article Here

Central Bank Discussion Paper on the Consumer Protection Code

The Central Bank has published a Discussion Paper on the Consumer Protection Code and the Digitalisation of Financial Services. View the Discussion Paper

The objective of this Discussion Paper is to stimulate discussion with consumers, regulated financial services firms, FinTech firms and any other interested parties so as to determine:

  • how the Consumer Protection Code addresses emerging risks from digitalisation;
  • whether existing protections need to be enhanced or adapted in specific areas; and
  • whether there are impediments in the Code to firms adopting technologies that may be beneficial to consumers.

The responses to this Discussion Paper will inform their consideration of any potential future policy outputs in the area of consumer protection. Should specific policy proposals be advanced on foot of feedback to this Paper, they will bring forward a consultation paper in 2018.

The Discussion Paper will be open for comment until 27 October 2017.

Please see also information release Here:

Discussion Paper on the Consumer Protection Code and the Digitalisation of Financial Services published | Central Bank of Ireland

The Central Bank has published a Discussion Paper on the Consumer Protection Code (the Code) and the Digitalisation of Financial Services.

To inform the Discussion Paper, the Central Bank issued a survey to regulated firms seeking information on the new and innovative products and services that have been offered or are in development in the Irish market for consumers in the digital financial services context. An online survey was issued to 21 regulated firms, representing the main players, across five sectors – Banking, Insurance, Investment Firms, Payment/Electronic Money Institutions and Retail Intermediaries.

The Industry Research on the Digitalisation of Financial Services has been published and is available here.

Central Bank Feedback Statement in respect of CP93

<p>The Central Bank of Ireland has published its feedback statement in respect of CP93 Central Credit Register.</p>
<p>The feedback statement sets out the Central Bank’s position, including key decisions that have been make following the consultation. It includes the Central Bank’s responses to the submissions and an outline of the proposed next steps and associated timelines in respect of the implementation of the CCR. It also provides an overview of additional feedback received and the Central Bank’s response to this feedback.</p>
<p>20 submissions were received in response to CP93. All submissions received are available on the Central Bank website.</p>