The Central Bank (Supervision and Enforcement) Act 2013 significantly enhances the Central Bank of Ireland's regulatory and enforcement capabilities, addressing shortcomings identified during the financial crisis. Key features include expanded information-gathering powers, requiring regulated entities to cooperate fully with the Bank, and stronger enforcement mechanisms through the Administrative Sanctions Procedure that allow higher penalties and the accountability of individuals involved in wrongdoing.

Additionally, the Act fortifies consumer protection, enabling the Bank to issue binding codes of practice and mandates on firms to improve transparency and complaint resolution. Enhanced whistleblower protections encourage the reporting of breaches, while provisions for regulating unregulated entities that provide critical services mitigate systemic risk. Overall, this legislation marks a pivotal step towards a more transparent and robust financial oversight framework in Ireland.