Comfort letters

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This Overview is a guide to the Ireland—Banking & Finance content within the Comfort letters subtopic, with links to the appropriate materials.

Comfort letters are generally issued by a parent or holding company giving 'comfort' to a lender about their support for a subsidiary in the context of a finance transaction. It is important for both lenders and comfort letter providers to understand the legal nature of a comfort letter and what

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Latest Ireland - Banking & Financial Services News

Financial Regulation Advisory—Climate and environmental risks under scrutiny

Ireland—Banking and Financial Services analysis: This article, written by A&L Goodbody’s Team, notes that the European Central Bank (ECB) has imposed periodic penalty payments on ABANCA Corporación Bancaria, SA (ABANCA) for its failure to properly identify climate and environmental risks.

European Parliament publishes analysis on digital assets and stablecoin risks ahead of ECON hearing

The European Parliament has released an in-depth analysis on digital assets ahead of the 3 December 2025 ECON public hearing, outlining the evolving EU regulatory framework, current market developments and emerging risks. While unbacked cryptoassets remain volatile, the report highlights that stablecoins—centralised in governance yet reliant on decentralized ledgers—now underpin around 80% of cryptoasset trades. Their growing role raises concerns around financial stability, operational vulnerabilities and regulatory divergence between the Markets in Crypto Assets Regulation (Regulation (EU) 2023/1114) (MiCA Regulation) and the more permissive US Guaranteed and Insured Necessary Infrastructure for Upholding Stability Act (GENIUS Act).

Financial Regulation Advisory—Financial Services Regulation and Compliance—Funds October 2025

Ireland-Banking and Financial Services analysis: This article, written by A&L Goodbody’s Team, notes that domestically the Central Bank of Ireland (CBI) published its report on the European Securities and Markets Authority’s (ESMA) Common Supervisory Action (CSA) on sustainability risks and disclosures in the investment funds sector. It also notes that at European level, ESMA published draft regulatory technical standards (RTS) on open-ended loan-originating alternative investment funds under Alternative Investment Fund Managers Directive (EU) Directive 2024/927 (AIFMD II).

AML/CTF: European Parliament publishes briefing on AMLA

The European Parliament’s Economic Governance and EMU Scrutiny Unit has published an in-depth analysis on the future of Anti-Money Laundering (AML) in the EU, focusing on the institutional and legal dimensions of the Anti-Money Laundering Authority (AMLA) within the EU's 2024 AML/Counter-Terrorist Financing (CTF) framework. The briefing examines how AMLA’s creation addresses long-standing fragmentation in EU financial supervision, aiming to ensure greater consistency in AML practices across Member States. It analyses the AMLA's institutional design, legal foundations, and coordination mechanisms with national and EU bodies following the start of its operations in summer 2025.

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