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#Central Bank

# central-bank - Thursday 29 September, 2022

Timeline: How the tracker mortgage scandal unfolded in Ireland
# Tracker Mortgages
# Tracker Mortgages

Timeline: How the tracker mortgage scandal unfolded in Ireland

Thu 1:09 PM 7,035 Views 0 Comments

Bank of Ireland has been fined €100,520,000 by the Central Bank for its role in the controversy.

Bank of Ireland hit with record €100.5 million fine over tracker mortgage scandal
# Central Bank
# Central Bank

Bank of Ireland hit with record €100.5 million fine over tracker mortgage scandal

Thu 9:07 AM 31,937 Views 48 Comments
  • The bank was sanctioned for denying nearly 16,000 customers access to cheaper tracker mortgages.
  • The Central Bank said Bank of Ireland’s failures resulted in the loss of 50 properties, including 25 family homes.
  • Bank of Ireland admitted in full to 81 separate regulatory breaches.

# central-bank - Wednesday 28 September, 2022

Bank of England launches emergency bond-buying action as UK borrowing costs soar

Bank of England launches emergency bond-buying action as UK borrowing costs soar

Updated Sep 28th 2022, 1:29 PM 28,627 Views 14 Comments

It comes after the International Monetary Fund called on the UK government to ‘reevaluate’ its tax-cutting strategy.

# central-bank - Thursday 15 September, 2022

Central Bank fines Danske for anti-money laundering and terrorist financing systems failures
# Danske Bank
# Danske Bank

Central Bank fines Danske for anti-money laundering and terrorist financing systems failures

Sep 15th 2022, 12:09 PM 8,358 Views 3 Comments

It relates to three breaches over a period of almost nine years, between 2010 and 2019.

# central-bank - Wednesday 14 September, 2022

Man released without charge after being arrested for insider trading
# Insider Trading
# Insider Trading

Man released without charge after being arrested for insider trading

Sep 14th 2022, 6:55 PM 16,156 Views 0 Comments

The investigation commenced following a report to gardaí from the Central Bank of Ireland.

# central-bank - Wednesday 31 August, 2022

Central Bank warns younger generations may face lower standard of living at retirement
# Not Ideal
# Not Ideal

Central Bank warns younger generations may face lower standard of living at retirement

Aug 31st 2022, 9:05 PM 21,998 Views 30 Comments

Demographic changes have led to a build-up in wealth among older generations, and a decline in rates of return.

# central-bank - Thursday 7 July, 2022

Central Bank revises growth forecast downwards to 4.3%
# Inflation
# Inflation

Central Bank revises growth forecast downwards to 4.3%

Jul 7th 2022, 12:10 AM 11,782 Views 6 Comments

The economy is still expected to grow over the coming years but downside risks have increased.

# central-bank - Monday 4 July, 2022

Banker accountability Bill brought forward to Cabinet
# Cabinet
# Cabinet

Banker accountability Bill brought forward to Cabinet

Jul 4th 2022, 10:00 PM 14,372 Views 19 Comments

The Bill aims to give greater powers to regulators to punish individual misconduct.

# central-bank - Thursday 23 June, 2022

AIB and EBS hit with fines totalling almost €100 million over tracker mortgage scandal
# Central Bank
# Central Bank

AIB and EBS hit with fines totalling almost €100 million over tracker mortgage scandal

Jun 23rd 2022, 11:06 AM 30,437 Views 42 Comments

AIB received a record fine of €83.3 million while EBS received a fine of €13.4 million.

# central-bank - Wednesday 15 June, 2022

Ireland's financial stability report finds Ukraine war has amplified inflation here
# Stability
# Stability

Ireland's financial stability report finds Ukraine war has amplified inflation here

Jun 15th 2022, 5:20 PM 10,697 Views 17 Comments

The review also found “emerging pressures” in the housing market.

# central-bank - Friday 10 June, 2022

Central Bank warns that fraudulent firms are impersonating it in a bid to defraud customers
# Scam
# Scam

Central Bank warns that fraudulent firms are impersonating it in a bid to defraud customers

Jun 10th 2022, 9:28 PM 16,837 Views 2 Comments

The fraudulent entities are operating as retail credit firms and using the bank’s logo and name.

# central-bank - Thursday 9 June, 2022

Central Bank issues warning about unauthorised firm linked to businesswoman Catriona Carey
# Catriona Carey
# Catriona Carey

Central Bank issues warning about unauthorised firm linked to businesswoman Catriona Carey

Jun 9th 2022, 7:38 PM 28,958 Views 0 Comments

Carey is listed as the sole director of Careysfort Asset Estates Ltd.

# central-bank - Tuesday 17 May, 2022

Central Bank says more needs to be done to help customers as banks exit Irish market
# Banking Switch
# Banking Switch

Central Bank says more needs to be done to help customers as banks exit Irish market

May 17th 2022, 4:27 PM 15,308 Views 9 Comments

The exit of KBC and Ulster Bank will whittle Ireland’s number of retail banks from five down to just three.

# central-bank - Monday 16 May, 2022

Buy-now-pay-later firms offering 'indirect credit' must now be authorised by the Central Bank
# New Rules
# New Rules

Buy-now-pay-later firms offering 'indirect credit' must now be authorised by the Central Bank

May 16th 2022, 2:14 PM 13,953 Views 5 Comments

The regulator has also placed an interest rate cap of 23% APR on all consumer credit agreements.

# central-bank - Wednesday 27 April, 2022

Central Bank tells sector 'more needs to be done' for customers hit by KBC and Ulster Bank closures
# Account Switch
# Account Switch

Central Bank tells sector 'more needs to be done' for customers hit by KBC and Ulster Bank closures

Apr 27th 2022, 2:33 PM 9,967 Views 12 Comments

Both Ulster Bank and KBC Bank are winding down their operations in Ireland.

# central-bank - Monday 11 April, 2022

Raise social welfare rates to shield struggling households from spiralling inflation, experts say
# Cost Of Living
# Cost Of Living

Raise social welfare rates to shield struggling households from spiralling inflation, experts say

Apr 11th 2022, 12:05 AM 52,388 Views 59 Comments
  • Current social welfare rates were set last year when inflation was expected to peak at 4.5% annually.
  • But with prices on the march, household earnings are now expected to fall in real terms in 2022 for the first time since 2013.
  • Economists say raising core social welfare raise on a temporary basis could be the best way of protecting low-income households.

# central-bank - Wednesday 6 April, 2022

Tax receipts climbed in the first three months of 2022 but figures are 'flattered' by Covid
# Taxing Matters
# Taxing Matters

Tax receipts climbed in the first three months of 2022 but figures are 'flattered' by Covid

Apr 6th 2022, 2:50 PM 7,827 Views 9 Comments

Tax revenues were up over 30% compared with the same period last year when strict public health measures were in place.

'Real' incomes to fall for first time since 2013 with inflation outpacing wage growth
# Cost Of Living
# Cost Of Living

'Real' incomes to fall for first time since 2013 with inflation outpacing wage growth

Apr 6th 2022, 12:10 AM 24,387 Views 36 Comments

The war is expected to “weigh” on trade and overall growth while fueling “strong” energy price inflation, the Central Bank said,

# central-bank - Thursday 24 March, 2022

Irish arm of large US financial firm fined €10.78 million over 'serious systemic' breaches
# Central Bank
# Central Bank

Irish arm of large US financial firm fined €10.78 million over 'serious systemic' breaches

Updated Mar 24th 2022, 2:48 PM 28,714 Views 7 Comments

BNY Mellon Fund Services also provided “inaccurate and misleading information” to the Central Bank.

# central-bank - Tuesday 15 March, 2022

Ban on insurance 'price walking' from July but new customer discounts still allowed
# Regulations
# Regulations

Ban on insurance 'price walking' from July but new customer discounts still allowed

Mar 15th 2022, 12:01 PM 33,155 Views 32 Comments

The regulations were the result of a review by the Central Bank of the use of differential pricing.

# central-bank - Friday 18 February, 2022

Central Bank calls on Irish banks to improve customer support waiting times
# Phoning It In
# Phoning It In

Central Bank calls on Irish banks to improve customer support waiting times

Feb 18th 2022, 4:09 PM 10,894 Views 43 Comments

it conducted a review of the five main retail banks.

# central-bank - Wednesday 26 January, 2022

Central Bank forecasts strong growth and drop in unemployment as economy shrugs off Omicron
# Economic Outlook
# Economic Outlook

Central Bank forecasts strong growth and drop in unemployment as economy shrugs off Omicron

Jan 26th 2022, 6:00 AM 7,811 Views 7 Comments

Economic activity is back to pre-pandemic levels but inflation looms large.

# central-bank - Thursday 25 November, 2021

Central Bank gives green light to shared equity scheme but warns it could increase house prices
# First Time Buyers
# First Time Buyers

Central Bank gives green light to shared equity scheme but warns it could increase house prices

Updated Nov 25th 2021, 2:24 PM 23,415 Views 31 Comments

The Central Bank has left its mortgage rules unchanged.

# central-bank - Wednesday 10 November, 2021

Regulator to pursue former Permanent TSB executive in first individual tracker mortgage probe
# Central Bank
# Central Bank

Regulator to pursue former Permanent TSB executive in first individual tracker mortgage probe

Nov 10th 2021, 12:23 PM 18,164 Views 14 Comments

The bank reached a €21 million settlement with the Central Bank in 2019 in respect of 42 regulatory breaches.

# central-bank - Sunday 1 August, 2021

Explainer: How does a new set of rules aim to make life tougher for rogue bankers?
# Accountability Regime
# Accountability Regime

Explainer: How does a new set of rules aim to make life tougher for rogue bankers?

Aug 1st 2021, 7:00 AM 18,655 Views 0 Comments

Draft legislation published this week aims to give the Central Bank more power to target individuals.

# central-bank - Wednesday 21 July, 2021

'Ban car and home insurers from penalising customer loyalty,' says industry regulator
# Central Bank
# Central Bank

'Ban car and home insurers from penalising customer loyalty,' says industry regulator

Jul 21st 2021, 12:00 PM 16,593 Views 26 Comments

The Central Bank’s proposals are “a victory for consumers”, says Pearse Doherty.

# central-bank - Thursday 24 June, 2021

Varadkar urges Central Bank to get mortgage lending rules review done 'as soon as possible'
# Housing Crisis
# Housing Crisis

Varadkar urges Central Bank to get mortgage lending rules review done 'as soon as possible'

Jun 24th 2021, 3:08 PM 17,692 Views 54 Comments

The rules restrict the amount someone can borrow to 3.5 times their income, though there are exemptions.

# central-bank - Sunday 20 June, 2021

Opinion: To maintain economic resilience we must learn from the past and look to the future
# Mortgage Lending Rules
# Mortgage Lending Rules

Opinion: To maintain economic resilience we must learn from the past and look to the future

Jun 20th 2021, 7:30 AM 9,148 Views 10 Comments

Vasileios Madouros of the Central Bank says a fresh review of its mortgage lending measures will include submissions from the public.

# central-bank - Wednesday 16 June, 2021

House prices, debt and uneven recovery: What are the biggest risks to the Irish economy according to the Central Bank?
# Road To Recovery
# Road To Recovery

House prices, debt and uneven recovery: What are the biggest risks to the Irish economy according to the Central Bank?

Jun 16th 2021, 5:29 PM 11,191 Views 3 Comments

“A clearer path to recovery” has become visible in recent months.

# central-bank - Wednesday 26 May, 2021

Ireland's budgetary watchdog barks over 'large, permanent increases' in government spending
# Morning Memo
# Morning Memo

Ireland's budgetary watchdog barks over 'large, permanent increases' in government spending

May 26th 2021, 10:45 AM 8,471 Views 11 Comments

Details about the cost of reforms like Sláintecare are thin on the ground beyond 2021, IFAC says.

# central-bank - Thursday 1 April, 2021

Irish consumer spending approaching pre-Covid levels as path to recovery becomes clearer
# Central Bank
# Central Bank

Irish consumer spending approaching pre-Covid levels as path to recovery becomes clearer

Apr 1st 2021, 12:05 AM 25,460 Views 33 Comments

However, the outlook remains ‘uncertain’ and unemployment will remain high into 2022.

# central-bank - Sunday 14 March, 2021

'Breaking the link': Ireland's corporate accountability regime set for major overhaul in the wake of Davy scandal
# Davy Sale
# Davy Sale

'Breaking the link': Ireland's corporate accountability regime set for major overhaul in the wake of Davy scandal

Mar 14th 2021, 12:05 AM 22,023 Views 49 Comments

The Central Bank wants an expanded regulatory toolkit to tackle individuals.

# central-bank - Thursday 11 March, 2021

Central Bank issues warning about four unauthorised firms offering loans
# Unauthorised Firm
# Unauthorised Firm

Central Bank issues warning about four unauthorised firms offering loans

Mar 11th 2021, 4:07 PM 22,596 Views 8 Comments

It’s a criminal offence for an unauthorised firm to provide financial services in Ireland that would require Central Bank authorisation.

# central-bank - Tuesday 9 March, 2021

Central Bank to tell committee stronger regulatory framework needed in wake of Davy controversy
# Central Bank
# Central Bank

Central Bank to tell committee stronger regulatory framework needed in wake of Davy controversy

Mar 9th 2021, 9:54 AM 8,746 Views 49 Comments

The scandal has led to fierce criticism of the firm, and its CEO resigned at the weekend.

# central-bank - Thursday 28 January, 2021

Central Bank fines insurance company over €40,000 after customers overcharged
# Breach
# Breach

Central Bank fines insurance company over €40,000 after customers overcharged

Jan 28th 2021, 1:27 PM 24,725 Views 8 Comments

The Central Bank of Ireland found that Keystone Insurance overcharged 62 customers over five years.

# central-bank - Monday 25 January, 2021

A successful vaccine rollout 'should see economy recover in second half of 2021'
# Central Bank
# Central Bank

A successful vaccine rollout 'should see economy recover in second half of 2021'

Jan 25th 2021, 4:19 PM 20,025 Views 48 Comments

The Central Bank governor said today that the positive economist forecast “remains contingent on key assumptions regarding Covid-19 developments.”

# central-bank - Friday 22 January, 2021

Vaccine roll-out lifts economic prospects but recent virus surge has impeded progress, says Central Bank
# Central Bank
# Central Bank

Vaccine roll-out lifts economic prospects but recent virus surge has impeded progress, says Central Bank

Jan 22nd 2021, 12:10 AM 12,018 Views 18 Comments

Irish GDP grew by 2.5% in spite of the pandemic, according to the updated data.

# central-bank - Monday 21 December, 2020

Central Bank warns people to be wary of firms offering quick loans over the Christmas period
# Borrowers Beware
# Borrowers Beware

Central Bank warns people to be wary of firms offering quick loans over the Christmas period

Dec 21st 2020, 6:30 AM 5,152 Views 2 Comments

There has been a surge in the prevalence of unauthorised moneylenders.

# central-bank - Tuesday 15 December, 2020

Victim of rogue moneylenders urges people to be cautious about 'quick and easy' loans
# Liteway Loans
# Liteway Loans

Victim of rogue moneylenders urges people to be cautious about 'quick and easy' loans

Dec 15th 2020, 6:30 AM 21,104 Views 12 Comments

Gardaí have also issued a warning.

# central-bank - Monday 14 December, 2020

Majority of insurers use controversial differential pricing practice, Central Bank report finds
# Loyalty Penalty
# Loyalty Penalty

Majority of insurers use controversial differential pricing practice, Central Bank report finds

Dec 14th 2020, 3:10 PM 14,047 Views 30 Comments

The practice sees customers with similar risks paying different premiums.

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