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The firm was founded by Peter Oakes in 2004. Peter is an international expert in, and media contributor on, fintech, central banking, regulatory supervision, enforcement, law and financial crime. Peter is a lawyer (admitted Australia, UK and Ireland).
Current Pursuits
Central Bank of Ireland
Peter was the first Director of Enforcement and Financial Crime at the Central Bank of Ireland, building the directorate from scratch. Peter took up the role of Director in October 2010 following the global financial crisis and as part of the mission to reform the Irish central banking and financial regulation authority. This mission also involved leading investigations into the financial institutions and their senior management for their part in the Irish financial crisis and modernising the Central Bank's supervisory, investigative and enforcement approach. Peter stepped down from the role in 2013 having delivered on his key objectives. In addition to directorial responsibility for more than 100 investigations and 30 successfully concluded enforcement cases, Peter Oakes was the Director responsible for anti-money laundering, counter-terrorist financing, sanctions & unauthorised trading.
While at the Central Bank, Peter was responsible for the successful outcome of more than 30 enforcement cases and more than 100 investigations. He was responsible for the Central Bank's Enforcement Strategy and numerous precedent setting investigations and enforcement cases in banking, insurance, investments services and consumer protection. Following the Central Bank assuming national responsibility for financial crime under new laws in 2010/2011, Peter successfully concluded Ireland’s first regulatory enforcement cases for money laundering (UBS International Life and Community Credit Union) and gave a number of presentations and speeches on money laundering to assist industry participants implement their obligations (Compliance Officers’ speech and Enforcement Conference speech). In 2012 he issued the Central Bank's first Dear CEO letter on the anti-money laundering responsibilities of Boards and Directors.
Post Central Bank of Ireland Career
Since leaving the Central Bank of Ireland, Peter has continued his work in strategy and financial services globally:
Regulatory Developments and Engagements
Peter has regular discussions and exchanges with central banks and regulators around the global on strategies and regulatory risk as part of his international network of contacts. During 2014 he advised the Governor and Deputy Governor of the Saudi Arabian Monetary Agency on range of banking, enforcement and corporate strategies.
Other experience
During his wider career Peter has trained, and presented, to more than 5,000 GRC professionals, ranging from Chairmen to front-line staff, on a broad range of topics, has attended meetings as Ireland's representative at the Financial Action Task Force (FATF) and Organization for Security and Cooperation in Europe (OSCE) with the Minister of State. Peter has advised numerous boards, directors, C-suite professionals and front-line staff across a full suite of legal and regulatory topics (financial services & data protection) to government bodies, universities, banks, insurers, investment firms, payment institutions, funds, funds management & administration businesses and credit unions.
Peter owned and operated (2004-2010) one of Ireland’s first regulatory affairs firms dedicated to governance, risk and compliance until he left to join the Central Bank. He has worked as an Enforcement Lawyer at the former Financial Services Authority (now FCA) and the Australian Securities Commission (now ASIC). While working in the private industry Peter held senior management positions at fund managers and administrators in legal and compliance (including being the regulated compliance officer and MLRO).
*Note www.peteroakes.com.au and www.peteroakes.eu point you to www.peteroakes.com (if not, let me know by email at hello at peteroakes.com
The firm was founded by Peter Oakes in 2004. Peter is an international expert in, and media contributor on, fintech, central banking, regulatory supervision, enforcement, law and financial crime. Peter is a lawyer (admitted Australia, UK and Ireland).
- See Peter’s linkedin profile and follow him on twitter at @Oakeslaw
- Learn more about the fintech scene at Fintech Ireland and learn more about Brexit & Ireland
- See also our Resources & Media page
Current Pursuits
- Non-Executive Director, Susquehanna International Securities Limited - Market Making Options business (regulated by Irish Central Bank under MiFID, Dublin Ireland)
- Non-Executive Director, InterPay Limited trading as TransferMate - Payments business (regulated by Irish Central Bank under PSD, Dublin Ireland)
- Advisory Board to Fintech: ClearSettle, Ozan and FaceKart (FCA regulated payments and emoney firms, London, United Kingdom), Plynk (Irish) and Deposify (Irish)
- Advisory Board / Committee to Regtech: Kyckr (listed on Australian Stock Exchange) and Corlytics (Irish)
- Consultant to Galligan Johnston (an Irish law firm)
- Founder of Fintech Ireland (www.fintechireland.com and www.fintechuk.com)
- Mentor to fintech & financial services boards and executives
- Regulatory & Central Banking Expert (Banking, Payments, MiFID, Funds & Insurance)
Central Bank of Ireland
Peter was the first Director of Enforcement and Financial Crime at the Central Bank of Ireland, building the directorate from scratch. Peter took up the role of Director in October 2010 following the global financial crisis and as part of the mission to reform the Irish central banking and financial regulation authority. This mission also involved leading investigations into the financial institutions and their senior management for their part in the Irish financial crisis and modernising the Central Bank's supervisory, investigative and enforcement approach. Peter stepped down from the role in 2013 having delivered on his key objectives. In addition to directorial responsibility for more than 100 investigations and 30 successfully concluded enforcement cases, Peter Oakes was the Director responsible for anti-money laundering, counter-terrorist financing, sanctions & unauthorised trading.
While at the Central Bank, Peter was responsible for the successful outcome of more than 30 enforcement cases and more than 100 investigations. He was responsible for the Central Bank's Enforcement Strategy and numerous precedent setting investigations and enforcement cases in banking, insurance, investments services and consumer protection. Following the Central Bank assuming national responsibility for financial crime under new laws in 2010/2011, Peter successfully concluded Ireland’s first regulatory enforcement cases for money laundering (UBS International Life and Community Credit Union) and gave a number of presentations and speeches on money laundering to assist industry participants implement their obligations (Compliance Officers’ speech and Enforcement Conference speech). In 2012 he issued the Central Bank's first Dear CEO letter on the anti-money laundering responsibilities of Boards and Directors.
Post Central Bank of Ireland Career
Since leaving the Central Bank of Ireland, Peter has continued his work in strategy and financial services globally:
- advising many leading international institutions on strategy and governance issues, including: the Saudi Arabian Monetary Agency; a systemically important bank ahead of an European central bank supervisory inspection
- designing and delivering a training course to the board of an European systemically important bank on addressing the risk of the bank not achieving its strategy / objectives arising from potential financial crime risks. Following the success of the boardroom course, Peter rolled out a modified version to 100 key staff at the bank
- serving as Executive Director and Non-Executive Director at both leading and start-up companies. He has collective non-executive director experience in funds management (including administration), payments technology and re-insurance
- former Board Director, Chief Risk Officer and MLRO to Bank of America Merchant Services (Europe) - UK FCA regulated payment services firm
Regulatory Developments and Engagements
Peter has regular discussions and exchanges with central banks and regulators around the global on strategies and regulatory risk as part of his international network of contacts. During 2014 he advised the Governor and Deputy Governor of the Saudi Arabian Monetary Agency on range of banking, enforcement and corporate strategies.
Other experience
During his wider career Peter has trained, and presented, to more than 5,000 GRC professionals, ranging from Chairmen to front-line staff, on a broad range of topics, has attended meetings as Ireland's representative at the Financial Action Task Force (FATF) and Organization for Security and Cooperation in Europe (OSCE) with the Minister of State. Peter has advised numerous boards, directors, C-suite professionals and front-line staff across a full suite of legal and regulatory topics (financial services & data protection) to government bodies, universities, banks, insurers, investment firms, payment institutions, funds, funds management & administration businesses and credit unions.
Peter owned and operated (2004-2010) one of Ireland’s first regulatory affairs firms dedicated to governance, risk and compliance until he left to join the Central Bank. He has worked as an Enforcement Lawyer at the former Financial Services Authority (now FCA) and the Australian Securities Commission (now ASIC). While working in the private industry Peter held senior management positions at fund managers and administrators in legal and compliance (including being the regulated compliance officer and MLRO).
*Note www.peteroakes.com.au and www.peteroakes.eu point you to www.peteroakes.com (if not, let me know by email at hello at peteroakes.com