Central Bank of Ireland to Launch Supervisory Reviews on Closet Indexing and Value for Money

The Central Bank of Ireland announced it will initiate two ESMA-led supervisory reviews focusing on "closet indexing" and "value for money" in investment products. These reviews are part of a coordinated EU supervisory effort aimed at enhancing oversight of product costs, charges, and investor disclosures. Firms may be contacted during August and September as part of these exercises, which are expected to become recurring annual reviews.