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01 Introduction / continuedThis Standard has been developed with the assistanceof Campbell Tickell, a UK consultancy firm with specificexpertise in housing regulation, and in consultationwith a series of working groups. These working groupsincluded the Financial Capacity group and sub group,the working groups for each of the Tier levels and also,the representative bodies - the Irish Council for SocialHousing (ICSH) and the National Association of BuildingCooperatives (NABCO), and the DECLG.The Standard details the standard expected of each AHBin relation to financial viability. This is to ensure that theAHB is viable into the future, that the housing assets forwhich it is responsible are safeguarded in the long term,and accordingly that the tenants to whom it provides aservice are protected.In order for the Regulation Office to assess viability,certain information is required from each AHB. Thedocument sets out the details of the informationrequired, and importantly explains why the informationis necessary. The collation and examination of thisinformation will be a useful management tool inassessing performance, as well as allowing each AHBto examine the robustness, or otherwise, of its ownfinancial model. It will also give AHBs confidence in theirown financial viability and sustainability in the future byproviding a framework by which to measure viability.pilot with a number of the larger AHBs as the first phaseof the implementation. This pilot will be initiated in 2015(in respect of the 2014 financial year). Recommendationsarising from completion of the Pilot will be consideredin the further roll-out and implementation of theStandard. Learnings from the pilot will also support thedevelopment of a user guide for the sector, which willprovide more detail to practitioners as to some of themore technical aspects of the Standard.In addition, given that we are at the early stages ofregulation in Ireland, the role of the Regulation Officewill not solely be to monitor and evaluate returns.Within a system that is embryonic and evolving, ourremit must be broader and more supportive than this.We will seek to work with AHBs and their Boards toprovide education, guidance, and support inmeeting these new regulatory commitments.The Standard is underpinned by the guiding principlesof the Voluntary Regulation Code, which includeproportionality, accountability and transparency.Therefore, the requirements will differ dependent on thesize and Tier level of an individual AHB. The Appendicesin this document contain the specific requirements ofeach Tier level. It is important that all AHBs familiarisethemselves with the overall document, as it sets outthe implementation timeline, the viability standard,notifiable events and the assessment framework.The Regulatory Framework and the Financial Standardwill evolve as both the sector and the Regulator growand develop. Given the maturity of both the sector andthe Regulator, it is important that we test our systemsto ensure that they are fit for purpose and work asintended. To facilitate further strengthening and thedevelopment of the Standard, we have provided for a6Housing Agency Regulation Office