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Home News Regulatory Central Bank Reminds Firms to Make COVID-19 Contingencies

Central Bank Reminds Firms to Make COVID-19 Contingencies

The Central Bank has released a statement reminding firms to put in place measures to deal with a potential outbreak of the COVID-19 virus in their workplace.

Several high-profile firms in other industries have already put staff on a voluntary ‘work from home’ (WFH) basis, until more is understood about the extent of the virus spread.

Currently there are 13 confirmed cases of COVID-19 in Ireland, however this number is updated regularly and overnight the figures jumped by 7 new cases.

The HSE has encouraged the public to wash their hands regularly using soap and hot water for at least 20 seconds, and to maintain a distance of at least 1 metre in public spaces.

Firms are encouraged to ensure that they are able to meet their Central Bank obligations during this time, and to enable employees to file accounts from home if required.

Our Central Bank Reporting Services support corporate administrators with their Central Bank FVC/SPV reporting requirements at this challenging time.

We are a fully outsourced provider of CBI FVC/SPV reporting services, and can take an allocation of accounts for you during the quarterly reporting period on a temporary or fixed-term basis, alleviating pressures on your team.

The Central Bank’s statement on COVID-19 can be found here: https://www.centralbank.ie/news/article/press-release-statement-covid-19-3-march-2020

Dominick Barrett
Dominick Barrett
Dominick is Managing Director of Atlantic Star Consulting.

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