Here you will find articles and news clippings of comments to international media and citations in government reports. If you are a journalist looking for independent and informed comment/analysis on regulatory and corporate governance issues, please contact Peter Oakes on +353 87 273 1434 (peter@peteroakes.com). The majority of these articles and interviews can also be found at http://www.complianceireland.com/Press.html
Radio - NewsTalk 106,
Breakfast Business Show, 19 April 2010
Discussion of banks examining getting
out of ECB rate mortgages with Ivan Yates on The Breakfast Show
Peter Oakes, Managing Director, Compliance
Ireland discusses the continuing issue of banks examining methods of getting
out of ECB tracker mortgages and the issues for borrowers to think about before
accepting an offer. Click here.
Banks examine whether they can get out
of ECB tracker rate mortgages, 18 April 2010
On 15 April on the Morning Ireland radio interview (see below), Peter Oakes
raised an issue of banks examining their mortgage contracts with borrowers to
see if they can get out of these type of mortgages which are costing some banks
dearly. Since the comment was made we have been contacted by many consumers and
journalists. These persons confirmed their experience of banks looking to
wriggle out of ECB trackers. The Sunday
Business Post quotes an unnamed bank employee who informed the
paper of some of the angles banks are examining. Apparently a number of lenders
have denied that have examined the issue. If that is the case then we should
expect that the Irish Banking Federation (speaking on behalf of the banks) or
the banks themselves to give a commitment to borrowers on ECB trackers that the
banks will not seek to alter the promises made to consumers despite any fine
print in the mortgage contracts. Here are some of the articles.
Matthew Elderfield appears before
Oireachtas Committee on Economic Regulatory Affairs
Peter Oakes, Managing Director Compliance
Ireland, discusses Matthew Elderfield's comments to Oireachtas Committee on
Economic Regulatory Affairs with Emma McNamara of RTE's Morning Ireland
programme
Click here
Interview - Peter Oakes, Compliance Ireland
[Postcript - Quinn Insurance placed into
full-time administration on 15 April 2010]
KYC360° & Society of Trust and
Estate Practitioners (STEP) , 12 April 2010
Ireland: Update on the yet
further delayed transposition of 3rd Directive
Peter Oakes, Managing Director, comments to
KYC360° and STEP members on update on Irish AML & CTF Bill following its
Report Stage in Seanad Éireann at the end of March 2010. Click here to read
in pdf.
Sunday Tribune, 11 April 2010
Sean Quinn's Risk Business
Peter Oakes, Managing Director, Compliance
Ireland, comments on solvency issues relating to Quinn Insurance to business
reporter, John Ihle of the Sunday Tribune. Click here to read
article.
Radio - NewsTalk 106,
Breakfast Business Show, 9 April 2010
Discussion of Anglo Irish Banks's bid
for Quinn Group with Conor Brophy on The Breakfast Show
Peter Oakes, Managing Director, Compliance
Ireland discusses news that Anglo Irish Bank may make a bid for the Quinn Group
with a promise to fix Quinn Insurance's solvency reserves and inject up to
€700million. Click here.
Video - RTE Prime Time, 08
April 2010
Anglo plan to inject €700m into Quinn
Peter Oakes, Managing Director, Compliance
Ireland joins the panel of news programme RTE Prime Time, with Brian Carey,
Business Editor, The Sunday Times and Marian Harkin MEP, North West
constituency, to discuss recent problems at the Quinn Group and today's
announcement of €700m offer from Anglo Irish Bank.
Click here -
Part 3 Sean Quinn phone call to Prime Time
KYC360° & Society of Trust and
Estate Practitioners (STEP) , 8 April 2010
Ireland – New Authorisation
and AML/CTF Compliance Requirements for TCSPs
Peter Oakes, Managing Director, comments to
KYC360° and STEP members on new authorisation and AML/CTF compliance
obligations on Trust or Company Service Providers. Click here to read
in pdf.
Sunday Tribune, 4 April 2010
Ireland faces millions in
fines for finance crime law delay
Peter Oakes, Managing Director, Compliance
Ireland, comments on lack of enforcement powers available toFinancial Regulator
to enforce the 3rd EU AML Directive to business reporter, John Ihle of the
Sunday Tribune. Click here to read
article.
Radio - RTE Morning Ireland, 2
April 2010
Quinn criticises administration move
Peter Oakes, Managing Director Compliance
Ireland, discusses the decision by the Financial Regulator to appoint
administrators to the Quinn Insurance group with Richard Downes of RTE's
Morning Ireland programme
Peter Oakes, Managing Director, Compliance
Ireland, comments to business reporter, John Ihle of the Sunday Tribune on new
laws for, and powers required by, the Financial Regulator as Minister Lenihan
prepares to issue draft law. Click here to read
article.
Sunday Tribune, 21 March 2010
Regulatory changes lead to rush on training
Compliance Ireland a leading provider of
regulatory advisory and compliance training services talks about an increase in
training assignments following new head of financial regulation, Matthew
Elderfield, delivered his first public speech. Click here to read
article.
Video - RTE Prime Time, 18 March 2010
Former Chairman and CEO of Anglo Irish
Bank arrested by Garda
Peter Oakes, Managing Director, Compliance
Ireland joins the panel of news programme RTE Prime Time, with Tom Lyons,
Sunday Times chaired by RTE’s Richard Crowley.
Radio - NewsTalk 106, Down
to Business Show, 13 March 2010
Discussion with Mark Mortell on new
Financial Regulator
Peter Oakes, Managing Director, Compliance
Ireland discusses with Mark Mortell this week's first public speech by the
Financial Regulator (Matthew Elderfield). Click here - for
interview.
Radio - RTE Morning Ireland (Irish
morning flagship radio programme), 12 March 2010
First public speech by Ireland's chief Financial Regulator's (Matthew
Elderfield) and what it means for Ireland
Peter Oakes, Director, Compliance Ireland
interviewed by Emma McNamara on the first public speech by Ireland's chief Financial Regulator (Matthew
Elderfield) and what this means for banks and Ireland's financial industry.
Click hereRIGHT CLICK AND CHOOSE OPEN OR SAVE FILE
Click here -
for Newsletter 07/2010 covering Mr Elderfield's speech.
FinFacts.ie, 12 March 2010
New head of financial regulation in Ireland
outlines plans for more effective supervision
Peter Oakes, Managing Director, Compliance
Ireland, comments to www.finfacts.ie on
the first public speech by Ireland's
chief Financial Regulator (Matthew Elderfield) and what this means for banks
and Ireland's
financial industry.
Radio - NewsTalk 106,
Breakfast Business Show, 10 March 2010
Discussion of morning business papers
with Conor Brophy on The Breakfast Show
Peter Oakes, Managing Director, Compliance
Ireland discusses the day's newspaper stories including the ban on short
selling, creation of 120,000 jobs in innovative sectors and AIB's disclosure in
SEC filings that property has dropped 66% in value. Click hereRIGHT CLICK AND CHOOSE OPEN OR SAVE FILE.
Sunday Tribune, 07 March 2010
Financial Regulator seeks to impose
bigger fines to enforce compliance
Peter Oakes, Managing Director, Compliance
Ireland, comments to business reporter, John Ihle of the Sunday Tribune, on
reports that the Financial Regulator is to ramp up its enforcement activities. Click here to read
article.
Sunday Independent, 07 March 2010
The 10 cardinal banking questions
Peter Oakes, Managing Director, Compliance
Ireland, comments to Louise McBride, of the Sunday Independent, on white collar
crime and evidential issues affecting investigations into Irish banks and their
senior management. Click here to read
article.
Sunday Tribune, 28 February 2010
Investment firms to face tough fines
for transaction irregularities
Peter Oakes, Managing Director, Compliance
Ireland, comments to business reporter, John Ihle of the Sunday Tribune, on the
Financial Regulator's speech at recent MiFID Seminar signalling ramp-up in
investigations and enforcement actions. Click here to read
article.
KYC360° & Society of Trust and
Estate Practitioners (STEP) , 1 March 2010
Ireland: Update on
Transposition of 3rd Directive and PEP Test
Peter Oakes, Managing Director, comments to
KYC360° and STEP members on update on Irish AML & CTF Bill following
passing in Dáil Éireann on 17 February 2010 and observations of new PEP test. Click here to read
in pdf.
Radio - NewsTalk 106, Down
to Business, 11 February 2010
Discussion of morning business papers
with Conor Brophy on The Breakfast Show
Peter Oakes, Managing Director, Compliance
Ireland interviewed by Conor Brophy, on a range of topics including bank
lending to SMEs, comments by Central Bank Governor Honohan on bank lending to
SMEs, Financial Regulator's authorisation process, closure of Bank of Scotland
(Ireland), moving Ireland up the financial services value chain, NAMA and more.
KYC360° & Society of Trust and
Estate Practitioners (STEP) , 1 February 2010
New Irish DNA Database to Combat Crime
and Terrorism
Peter Oakes, Managing Director, comments to
KYC360° and STEP members on new DNA database to be used to combat crime and
terrorism, use of genetic data by Garda in Bank of Ireland robbery and arrest
of Bank employee as concerns about inside job grow.
Peter Oakes, Managing Director, Compliance
Ireland interviewed by Conor Brophy (Business Matters) and John McManus
(Business Editor, Irish Times) on the rationale for the continuing ban on short
sales in Irish bank stocks.
Option 1: Click here for edited version of full
programme
Option 2: Watch the full 47
minute video at TV 3's website click here(link may be removed by TV3)
KYC360° & Society of Trust and
Estate Practitioners (STEP) , 4 January 2010
Irish Financial Regulator to be Given
Tough New Powers to Supervise and Enforce Money Laundering Requirements
Peter Oakes, Managing Director, comments to
KYC360° and STEP members on new powers for the Financial Regulator to inspect
regulated firms under proposed new Irish law. Click
here to read on-line at KYC360° (or here to read in pdf).
KYC360° & Society of Trust and Estate
Practitioners (STEP) , 7 December 2009
Filing a Suspicious Report After a
Transaction: Position in Ireland
Under New Law
Peter Oakes, Managing Director, comments to
KYC360° and STEP members on exemption to report suspicious transactions under
proposed new Irish law. Click here to read
on-line at KYC360° (or here to read in pdf).
Sunday Business Post, 6 December 2009
Honohan's home truths rattle the
bankers' cages
Peter Oakes, Managing Director, Compliance
Ireland, comments to Richard Curran of the Sunday
Business Post, on the speech by the Governor of the Central Bank
regarding previous failings at the Financial Regulator and the approach for the
future.
Controversy over media reports that AIB
insider, Colm Doherty, to be appointed to Managing Director, corporate
governance issues and executive salaries
Peter Oakes, Managing Director, Compliance
Ireland interviewed by Mary Wilson on corporate governance standards and
executive salaries following reports that Colm Doherty to take up a top role at
AIB.
Click here for edited version of full
programme (10 mins/8MB)
Radio - RTE DriveTime, 17
November 2009
Controversy over media reports that AIB
insider, Colm Doherty, to be appointed to Managing Director, corporate
governance issues and executive salaries
Peter Oakes, Managing Director, Compliance
Ireland interviewed by Mary Wilson on corporate governance standards and
executive salaries following reports that Colm Doherty to take up a top role at
AIB.
Click here for
edited audio of full programme (11 mins/1.4MB)
Video- TV3 Business Matter, 15 November 2009
Why ban short sales in Irish bank
stocks?
Peter Oakes, Managing Director, Compliance
Ireland joins the panel chaired by Ian Yates (Business Matters) and John
McManus (Business Editor, Irish Times) on the rationale for the continuing ban
on short sales in Irish bank stocks.
Option 1: Click here for edited version of full
programme (9 mins/29MB)
Option 2: Watch the full 48
minute video at TV 3's website click here(link may be removed by TV3)
Video - TV3 Business
Matter, 8 November 2009
Problems at Anglo Irish and Corporate
Governance
Peter Oakes, Managing Director, Compliance
Ireland and others interviewed by Conor Brophy on regulatory and governance
issues facing Anglo Irish Bank and its directors.
Option 1: Click here for edited version of full
programme (5 mins/28MB)
Option 2: To watch the full 48
minute video at TV 3's website click here(link may be removed by TV3)
KYC360° & Society of Trust and
Estate Practitioners (STEP) , 2 November 2009
Ireland Extends PEP Test to
Include Cohabitants of Family Members
Peter Oakes, Managing Director, comments to
KYC360° and STEP members on extended PEP test for Ireland. Click here to read on-line at KYC360° (or here to read in
pdf).
Sunday Tribune, 25
October 2009
Bermudan must make bad banking
disappear
Peter Oakes, Managing Director, Compliance
Ireland, article on new new head of Irish Financial Services Regulatory
Authority and the issues he will face. Click here to read
on-ine (click here to read
in pdf).
AML Master Australia, 13 October 2009
Ireland catches up with 3rd EU AML
Directive
Peter Oakes, Managing Director, contributes
article to AML Master magazine on Ireland's transposition of the 3rd
EU AML Directive. Click here to read on-line at Sunday Tribune (or click here to read in pdf).
to read.
KYC360° & Society of Trust and
Estate Practitioners (STEP) , 5 October 2009
Ireland to Move to an
Objectivity Test for Reporting of Suspicions
Peter Oakes, Managing Director, comments to
KYC360° and STEP members on new objectivity test for reporting suspicious
transactions. Click here to read on-line at KYC360° (or here to read in
pdf).
Radio - RTE 1 (Drivetime
with Mary Wilson) interview with Emma McNamara, 18 June 2009
Announcement by Finance Minister of new
Central Bank of Ireland
Commission
Peter Oakes, Managing Director, Compliance
Ireland, discusses with Emma McNamara reports of large amounts of money owed by
managers to Anglo Irish Bank. Click here for interview. Click here for article on story in Irish
Times, 21/09/2009
KYC360° & Society of Trust and
Estate Practitioners (STEP) , 7 September 2009
Keep an Eye on the Employees Too
Peter Oakes, Managing Director, comments to
KYC360° and STEP members on financial crime perpetrated by employees. Click here to read on-line at KYC360° (or here to read in
pdf).
Finance Dublin, 21 August 2009
IFSC must take some responsibility for
uninformed media coverage of itself
Peter Oakes, Managing Director, comments on
Finance Dublin Top Executive Survey of IFSC Issues in 2009. Click here to read.
KYC360° & Society of Trust and
Estate Practitioners (STEP) , 6 August 2009
Ireland introduces new
AML/CFT Laws to meet international obligations
Peter Oakes, Managing Director, comments to
KYC360° and STEP members on Ireland's
new proposed anti-money laundering/counter-financing of terrorism obligations. Click here to read on-line at KYC360° (or here to read in
pdf).
Finance Dublin, June 2009
UK reforms preserve its
principles based regime
Kevin O'Doherty, Director, Compliance Ireland
comments on the proposed regulatory reforms at the FSA and what lessons they
may hold for Ireland.
Click here to read article.
Sunday Tribune, 28 June 2009
Indebted Anglo mangers may not pass
'fitness' code
Peter Oakes, Managing Director, Compliance
Ireland, comments to business reporter, John Ihle of the Sunday Tribune, on the need for for
investigation by Financial Regulator into continuing 'fitness & probity' of
managers of Anglo Irish Bank with impaired loans. Click here to read article.
Radio - Newstalk (Down To
Business with Mark Mortell, Ireland's
premier business radio show), 18 June 2009
Announcement by Finance Minister of new
Central Bank of Ireland
Commission
Peter Oakes, Managing Director, Compliance
Ireland, discusses with Mark Mortell the reasons for, and future of, a new
financial regulatory structure in Ireland
as well as EU proposals for pan Europe
regulatory system. Click here for interview.
Journal of Securities Law, Regulation
& Compliance, Volume 2, Number 2, April 2009
The changing corporate governance scene
in Ireland
for offshore financial services
Kevin O'Doherty, Director, Compliance Ireland
comments on the corporate governance challenges for financial services entities
and how these are addressed in the Irish regulatory framework. Click here to read
article.
Radio - Newstalk (Lunchtime
with Eamon Keane), 26 March 2009
AIB victim of complex UK investment
property fraud
Peter Oakes, Director, Compliance Ireland
interviewed on the investment property fraud perpetrated against Allied Irish
Banks (announced by UK Serious Fraud Office on 26/03/2009). Click here for
interview.
Finance Magazine, March 2009
Coping with new corporate governance
challenges
Kevin O'Doherty, Director, Compliance Ireland
comments on the corporate governance challenges thrown up by recent market
events. Click here to read article.
eFinancial, 17 March 2009
What happened to the rush of anti-money
laundering recruitment?
Peter Oakes, Director, Compliance Ireland
comments upon upcoming new AML/CFT laws to be introduced in Ireland under
the 3rd EU AML/CFT Directive and impact upon AML recruitment. Click here to read article
IrishEconomy.ie, 10 March 2009
A Canadian Model (of regulation for Ireland)
Peter Oakes, Director, Compliance Ireland
responds to comments made in Irish blog regarding proposed Canadian model of
regulation for Ireland.
Click here to read (or read in pdf version here)
Radio - Newstalk (Down to
Business with Mark Mortell), 28 February 2009
Raid by Garda on Anglo Irish Bank
Peter Oakes, Director, Compliance Ireland
interviewed by Mark Mortell on the background to the raid by Garda on offices
of Anglo Irish Bank. Click here for interview (any problems see note below).
Radio - RTE Morning Ireland (Irish morning flagship
radio programme), 2 March 2009
The state of international regulation
in the Irish banking sector
Peter Oakes, Director, Compliance Ireland
joins the panel of news programme RTE Prime Time, with Richard Curran, Deputy
Editor Sunday Business Post, Richard Murphy, Tax Research UK, chaired by RTE’s
Mark Little.
Click hereRIGHT CLICK AND CHOOSE OPEN OR SAVE FILE
Peter Oakes comments on another scandal
rocking Ireland's
banking sector falling allegation of circular transactions by two regulated
bodies. Click here to read
article.
Sunday Tribune, 21 December 2008
Ireland will become the 'wild
west' of European finance?
Peter Oakes comments on the fallout of the
'loans affair' at Anglo Irish Bank and resignation of Chairman, NED and Chief
Executive and who should be held accountable. Click here to read
article.
SpamFighter.com, 14 November 2008
ILCU Warns About Hoax E-mail Targeting
Credit Union
Peter Oakes comments on on a sinister phishing
email scam targeting credit union members. Click here
to read in pdf. Click here to read in html (at
www.spamfighter.com)
Irish Times, 31 October 2008
Warning over bogus credit union e-mail
Peter Oakes comments on a sinister phishing
email scam targeting credit union members. Click here to read
article.
Eircom (Breaking News), 30 October 2008
Warnings over credit union e-mail scam
Peter Oakes comments on a sinister phishing
email scam targeting credit union members. Click here to read
article.
Sunday Times, 26 October 2008
Down and out on billionaires' row
Peter Oakes comments on Quinn Insurance fine. Click here to read
article
Sunday Tribune, 26 October 2008
Why did Quinn agree the facts and
penalties in Ireland's
highest regulatory fine?
Peter Oakes comments on the reasons why Quinn
Insurance and its Chairman agreed Ireland's highest regulatory fines
- €3,450,000. Click here to read
article.
Sunday Independent, 5 October 2008
McDonald's more palatable bet than
Irish Government Peter Oakes comments on credit-worthiness of Irish Government
compared to McDonald restaurant chain following Irish government's guarantee of
local banking system. Click here to read
article.
EU Countries Getting in Line with AML
Regulations on Heels of Warning Letters 18th August 2008
(moneylaundering.com). Peter Oakes comments on recent EU infringement action
against Ireland
and other countries. Click here to read
article.
Scrutiny Increased for Firms Seeking
MiFID Authorisation, Says Compliance Ireland’s Oakes 1st September 2008.
Peter Oakes comments on MiFID inn Ireland and Europe
(MiFIDMonitor.com). Click here to read
article.
French banks deny wrongdoing in
laundering case as trial gets under way 6th February 2008 (Business Risk
Research). Peter Oakes, Compliance Ireland comments upon AML prosecutions
against French bank CEOs. Click here to read
article.
Finance Magazine September 2007
'The race to implement MiFID'
Kevin O'Doherty, Compliance Ireland outlines
the status of the MiFID project as national legislatures and regulators
struggle to roll out the foundations of this complex pan-European system of regulation.
Click here to read
article.
Sunday Business Post, 1 July 2007
‘Corporate MacCarthynism'
Peter Oakes, Compliance Ireland comments upon recent criticism of Irish
regulation. Click here to read
article.
Sunday Business Post, 17 June 2007
‘Forewarned is forearmed in fight
against scams’
Peter Oakes & Kevin O’Doherty of Compliance Ireland comment upon recent
consumer and investor fraud scams operating in Ireland. Click here to read
article.
Sunday Times, 10 June 2007
‘Are You Ready To Comply?’
Peter Oakes, Compliance Ireland comments upon compliance obligations of senior
managers below board level. Click here to read
article.
Irish Independent, 5 September 2006 'Bank agrees to compensate victims of
internet swindle'
Peter Oakes, Compliance Ireland, comments on the recent spate of phishing
emails targeting Irish consumers. Click here to read the article.
Further reading: Compliance Ireland's
Press Release dated 26 August 2006 is available by clicking here.
Government reports - Central Bank of Kuwait, Anti-Money Laundering &
Combating the Financing of Terrorism Conference, November 2006
Peter Oakes, Compliance Ireland, presents a
paper on financial crime in Kuwait
at the invitation of the Kuwait Government. Click here for the programme and click here for a copy of presentation
Finfacts, 5 September 2006
The Irish Independent reports that
consumers who were victims of an online banking swindle have been compensated
quietly by Bank of Ireland.
Peter Oakes, Compliance Ireland, comments on
the recent spate of phishing emails targeting Irish consumers. Click here to read
the article. Further reading: Compliance Ireland's Press Release dated 26
August 2006 is available by clicking here.
Government reports - reports from the UK
Attorney-General's office on fraud
(a) UK Fraud Review Final Report, July
2006.
Peter Oakes, Compliance Ireland, quoted for statistics on fraud levels in Ireland by UK
Government (see page 376). Click here to read report
(b) NHS Counter Fraud and Security
Management Service, The International Fraud and Corruption Report,
July 2006. Peter Oakes, Compliance Ireland, quoted for statistics on fraud
levels in Ireland
by UK Government (see pages 80, 129, 130 & 139). Click here to read report
Irish Times, 18 January 2006 'Standards in Financial Regulation' Peter
Oakes, Compliance Ireland,
in Letters to the Editor. click here to read article
Operational Risk & Compliance
Magazine (UK),
1 November 2005 'No insurance against money
laundering',
Peter Oakes, Compliance Ireland, comments on money laundering in the insurance
industry. click here to read article
Compromise of FinCEN e-mail service
raises questions about data security, 23 September 2005
Peter Oakes, Compliance Ireland, comments on
data security as US Financial Intelligence Unit (moneylaundering.com). click here to read the article.
Alert Global Media, 10 August 2005
Peter Oakes, Compliance Ireland, comments on anti-money laundering issues
arising out of the Financial Regulator's Annual Report 2004; click to read article
Sunday Business Post, 31 July 2005
Peter Oakes, Compliance Ireland, comments on estate agents' anti-money
laundering obligations and occurrences of mortgage fraud in the Irish market
following recent Garda investigations - Article 3 of 3 click to read article
Sunday Business Post, 31 July 2005
Peter Oakes, Compliance Ireland, comments on estate agents' anti-money
laundering obligations and occurrences of mortgage fraud in the Irish market
following recent Garda investigations - Article 2 of 3 click to read article
Sunday Business Post, 31 July 2005
Peter Oakes, Compliance Ireland, comments on estate agents' anti-money
laundering obligations and occurrences of mortgage fraud in the Irish market
following recent Garda investigations - Article 1 of 3 click to read article
Complinet, 26 July 2005
Peter Oakes, Compliance Ireland, comments on
estate agents' anti-money laundering obligations click to read article
Alert Global Media, 5 July 2005
Peter Oakes, Compliance Ireland, comments on
accountants' anti-money laundering obligations click to read article
Sunday Business Post, 19 June
2005
Peter Oakes comments on white collar crime, money laundering and phising click to read article
Sunday Business Post, 10 April 2005
Peter Oakes comments on companies' and financial institutions' Compliance
Statements and anti-money laundering obligations click to read article
