Our People
Clients benefit from a parallel regulatory risk management and compliance practice, headed by the experienced Joe Beashel.
Investment Funds: European Legal 500
Expertise
Joe is a partner in the Financial Institutions Group and is Head of the Regulatory Risk Management and Compliance team at Matheson Ormsby Prentice.
He is a solicitor with over seventeen years experience, over fifteen of which were spent in the financial services sector. Prior to joining Matheson Ormsby Prentice in 2004, he was Managing Director of a leading, IFSC based company.
He assists clients with the authorisation of new entities by the Central Bank of Ireland including banks, MiFID firms, fund services providers, payment institutions, retail credit firms and others as well as assisting in the expansion of the regulatory authorisations of existing entities. In recent years he has been involved in the setting up of a bank for Goldman Sachs Inc., Postbank, a joint venture between An Post and Fortis, an investment manager for Mercer Inc. a payment institution for Western Union Inc as well as several other regulated entities.
Drawing on his extensive industry experience, Joe provides practical advice and assistance to boards of directors, senior management, in-house counsel and compliance officers in relation to the impact of new regulation. He assists clients in the effective and timely implementation of any required changes and works to provide a robust assurance that implementation meets legal requirements.
When issues arise he assists clients in assessing the legal and regulatory impact and helps develop remediation plans. Where the Central Bank initiates its administrative sanctions process he works with clients to minimise the impact of any sanction imposed. He also helps clients who are dealing with complaints to the Financial Services Ombudsman to ensure the most favourable outcome possible.
Joe is a member of the Association of Compliance Officers In Ireland and the Institute of Bankers. He co-ordinates the drafting of course materials and lectures for the Institute of Bankers of Ireland as part of its Professional Development (Level 3) qualification. He has spoken and written on topics in the compliance such as the Central Bank’s Fitness and Probity regime, the Consumer Protection Code, Anti Money Laundering Law in Ireland, the Changing Regulatory Regime in Ireland among many others. Most recently he has published a book entitled “MiFID Directory” which gathers all the relevant MiFID materials into one easy to use volume.
Education
Trinity College Dublin, LLB
