IOB LBO study guide
IOB LBO · Work through your exam, one topic at a time.
IOB LBO is the Local Bank Official designation pathway offered within the Institute of Bankers in Ireland (IOB) learning framework. The IOB is a recognised college of University College Dublin (UCD) and has operated for 125 years; it reports over 31,200 members and more than 50 courses and programmes. The IOB LBO study guide has 9 sections and about 2,592 words.
01AI in Banking: Governance, Models and Customer Outcomes
The AI domain examines how banks adopt models without breaching conduct, data-protection or resilience rules. Questions focus on the EU AI Act risk tiers, GDPR automated decision-making, model risk management and the bank's accountability for vendor tools.
301 words, about 2 min02Digital and Innovation: Channels, Payments and Operational Resilience
Digital and Innovation covers channel design, payment security, operational resilience and outsourcing. The exam expects you to separate customer-facing innovation from the controls that still apply: PSD2 strong customer authentication, DORA, the Consumer Protection Code and outsourcing rules.
301 words, about 2 min03Wealth and Financial Advice: Suitability, Costs and Client Outcomes
Wealth and Financial Advice tests whether advice is suitable, documented and fairly priced. Expect the Minimum Competency Code, MiFID II suitability, the Consumer Protection Code, PRIIPs disclosures, risk profiling and vulnerable-client handling.
294 words, about 1 min04Retail Banking: Deposits, Mortgages and Consumer Protection
Retail Banking covers deposits, payments, mortgages, consumer credit, complaints and vulnerable customers. The exam tests product mechanics, the Consumer Protection Code, deposit guarantee rules and the Central Bank of Ireland mortgage measures.
298 words, about 1 min05Funds and Asset Management: Structures, Limits and Liquidity
Funds and Asset Management tests product structures, investment limits, liquidity, valuation, costs and distribution. Expect UCITS and AIFMD rules, MiFID II product governance, PRIIPs and ESG disclosures.
282 words, about 1 min06Risk and Compliance (GRC): Governance, Financial Crime and Conduct
Risk and Compliance tests governance, the three lines model, risk appetite, financial crime controls and regulatory conduct. Questions often ask who owns a risk and what evidence proves the control works.
289 words, about 1 min07Credit and Lending: Affordability, Security and Arrears
Credit and Lending tests credit assessment, affordability, security, SME lending, arrears and responsible lending. The exam rewards candidates who can separate repayment capacity from collateral.
260 words, about 1 min08Risk Management: Capital, Liquidity and Stress Testing
Risk Management tests the risk taxonomy, enterprise risk framework, capital and liquidity adequacy, stress testing and operational resilience. Expect questions on limits, escalation and the difference between capital and liquidity.
285 words, about 1 min09ESG: Sustainable Finance Disclosure and Climate Risk
ESG tests sustainable finance disclosure, climate risk and greenwashing controls. Expect SFDR classifications, the EU Taxonomy, CSRD reporting, climate scenario analysis and stewardship.
282 words, about 1 min