Ireland – Financial and insurance services – Provision of Crisis Management and Resolution Services to The Central Bank of Ireland

The Central Bank intends to establish a Framework Agreement, comprising of two (2) Lots, for the delivery of a range of expert consultancy services connected with the recovery and resolution frameworks. The types of services that are likely to be required after the framework agreements have been established will be connected with the Bank Recovery and Resolution Directive 2014/59/EU (“BRRD”) for lot 1. It is anticipated that the general scope of services that will be required under Lot 1 will relate to the delivery of a wide range of consultancy services connected with Financial Service Provider (FSP) balance sheet assessments, liquidity, capital adequacy and valuation work including the following: a) Data Integrity Verification b) Asset Quality Reviews, Balance sheet assessments, Capital and liquidity assessments c) Valuation in accordance with the BRRD d) Quantitative Analysis e) Crisis Management f) Resolution Planning, Execution and related Support Work g) Capital Markets and M&A Advisory Services Tenderers are referred to the ITT attached to the eTenders Notice for further details.

The Central Bank intends to establish a Framework Agreement, comprising of two (2) Lots, for the delivery of a range of expert consultancy services connected with the recovery and resolution frameworks. The types of services that are likely to be required after the framework agreements have been established will be connected with the Insurance Recovery and Resolution Directive (2025/1/EU) (“IRRD”) for lot 2. With regard to the IRRD, although it entered to force in January 2025, there is a two year time period for Member States to transpose the IRRD into National law . It is anticipated that the general scope of the services that will be required under Lot 2 will relate to the delivery of a wide range of insurance related consultancy services, including the following: a) Actuarial Valuation of an insurance/reinsurance entity b) Assessment of adequacy of Solvency II technical provisions c) Quantitative Analysis d) Crisis Management e) Resolution Planning, Execution and related Support Work f) Capital Markets and M&A Advisory Services g) Capital modelling under Solvency II Tenderers are referred to the ITT attached to the eTenders Notice for further details.