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 initiative aimed at enhancing oversight of product costs, charges, and investor disclosures. The Central Bank emphasized the need for transparent, proportionate, and justified fees and charges, with effective oversight to ensure investors receive value for money.