Irish central bank awards financial consultancy mandates

Irlande
On the 06/09/21 at 7:16AM

by

Adrien Paredes-Vanheule

The Central Bank of Ireland has recently granted a number of financial consultancy services mandates. Selected firms include the world's largest asset manager BlackRock.

The Central Bank of Ireland had called for tenders as it sought entities able to deliver certain financial consultancy services at locations throughout Ireland and/or outside of Ireland. The mandate was split in two lots for a total value of €12.5m. 

The general scope of the services under Lot 1 was for the delivery of a wide range of consultancy services connected with financial service provider balance sheet assessments, and other activities (liquidity, asset quality review, capital adequacy, valuation, etc). 

On 31 May, the Irish central bank unveiled the list of the entities contracted for the first lot worth €5m. It included Alvarez and Marsal Financial Industry Advisory Services, Blackrock Investment Management (UK), d-fine, Deloitte, KPMG, Ernst & Young, Grant Thornton, Navigate, Oliver Wyman and Mazars.

The second lot, worth €7.5m, encompassed the delivery of several financial consultancy services among which quantitative analysis, capital markets and M&A advisory services, internal control assessment and methodology development.

The Central Bank of Ireland selected 10 entities for this lot: Alvarez and Marsal Financial Industry Advisory Services, Blackrock Investment Management (UK), PwC, Mc Kinsey, Deloitte, KPMG, Ernst & Young, Grant Thornton, Oliver Wyman and Mazars.

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