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#Central Bank

# central-bank - Friday 12 July, 2019

Hard Brexit could cause house prices to fall, Central Bank warns

The Central Bank warned that external events were the main risks facing the Irish economy.

# central-bank - Friday 5 July, 2019

Wells Fargo fined €5.8m by Central Bank over failures in regulatory reporting

A spokesperson for the bank said it had made ‘significant improvements’ to systems, processes and resources.

# central-bank - Wednesday 26 June, 2019

JP Morgan has been fined €1.6 million by the Central Bank for 'unacceptable' regulatory failings

An Irish subsidiary of the US investment bank had breached outsourcing rules.

# central-bank - Tuesday 18 June, 2019

Bank bosses may face fines and sanctions in the future, but won't get jail time under new law

The new laws were drawn up in the wake of the tracker-mortgage scandal.

# central-bank - Saturday 15 June, 2019

Mortgage rates in Ireland are still one of the highest in Europe

The volume of new mortgage agreements amounted to €598 million in April 2019.

# central-bank - Thursday 6 June, 2019

The Central Bank hopes a new outdoor artwork will make its HQ 'more social and transparent'

Acclaimed artist Eva Rothschild was commissioned to create a sculpture for the office.

# central-bank - Wednesday 5 June, 2019

New Zealand launches investigation into incoming Irish Central Bank governor

Questions have been raised about whether he misled authorities following a high profile budget leak.

# central-bank - Saturday 1 June, 2019

Central Bank urged to ensure banks don't pass on tracker scandal fines to customers

This week Permanent TSB was fined €21 million for regulatory breaches.

# central-bank - Thursday 30 May, 2019

'Unacceptable harm': The scandal that led to a record fine for one of Ireland's pillar banks

Permanent TSB has been fined €21 million for regulatory breaches affecting tracker mortgage customers.

# central-bank - Tuesday 28 May, 2019

The new €100 and €200 banknotes will be in circulation from today

The new notes feature “new and innovative security features”.

# central-bank - Friday 10 May, 2019

Ulster Bank says it's 'unacceptable' a data breach resulted in its former customers' details being compromised

The breach resulted in names, contact information, and financial details being compromised.

# central-bank - Wednesday 1 May, 2019

New Zealand's chief treasurer appointed as governor of Irish Central Bank

Gabriel Makhlouf was chosen to succeed the outgoing governor Philip Lane.

# central-bank - Monday 15 April, 2019

'It won't happen overnight': Launch of new body to improve culture in Irish banks

The board is funded by the five pillar banks and chaired by a retired Court of Appeal judge.

# central-bank - Saturday 13 April, 2019

Concerns over letters sent to mortgage-holders demanding full payment of arrears within 30 days

The Central Bank is aware that a regulated entity has written to a number of buy-to-let borrowers in arrears.

# central-bank - Thursday 11 April, 2019

Debt collector data breach results in some mortgage-holders' details being compromised

The breach resulted in names, contact information, and financial details being compromised.

# central-bank - Wednesday 10 April, 2019

Central Bank tenders €4.5 million contract for 'business partner' to provide support if a bank goes bust

The successful tenderer will help the Central Bank administer the provisions of the Deposit Guarantee Scheme of €100,000.

# central-bank - Tuesday 9 April, 2019

Central Bank writes to firms over concerns on 'fitness and probity' of some senior managers

The Central Bank has observed a number of cases where individuals didn’t provide “material information” on their applications.

# central-bank - Wednesday 3 April, 2019

'The banks are dictating what happens': TDs say government relying on 'constitution' card to block vulture funds Bill

Officials were quizzed about their assertions the Bill is unconstitutional and would result in higher mortgage interest rates.

# central-bank - Tuesday 2 April, 2019

Central Bank to scrap code of conduct for banks on the transfer of mortgages as it's 'not relevant'

Sinn Féin’s No Consent, No Sale Bill aims to puts the code on a statutory footing.

# central-bank - Wednesday 20 March, 2019

Fancy being the next governor of the Central Bank? New appointment rules have been approved

New procedures were approved by Cabinet today.

# central-bank - Tuesday 5 March, 2019

Paschal Donohoe says the Central Bank may take action if diversity at banks doesn't improve

A Central Bank report found that 80% of senior appointments in recent years were men.

# central-bank - Wednesday 27 February, 2019

Central Bank says 35-45 year olds who bought homes in the boom will be most impacted if tracker rates rise

Despite Brexit, the Central Bank believes workers are in line for pay increases of up to 7% over the next two years.

# central-bank - Monday 4 February, 2019

Banks pay out €647 million to victims of tracker mortgage scandal

The number of people affected by the overcharging scandal has now risen to almost 40,000.

# central-bank - Wednesday 30 January, 2019

Central Bank governor Philip Lane only applicant for top role at European Central Bank

He’s on course to take job of chief economist from 1 June.

# central-bank - Friday 25 January, 2019

Higher costs, fewer exports: The economic warning for Ireland in a no-deal Brexit

Ireland’s economy is performing strongly, the Central Bank says, but Brexit could slow things down considerably.

# central-bank - Tuesday 1 January, 2019

New rules making it easier to switch your mortgage kick in from today

Lenders will now have to tell customers 60 days before their fixed term ends and let them know about new rates and other options.

# central-bank - Thursday 20 December, 2018

Almost 7,000 loans in arrears held by 'unregulated loan owners'

Unregulated loan owners hold 17% of all mortgages in arrears over 720 days.

# central-bank - Thursday 6 December, 2018

Concern over whether Irish customers of liquidated insurer will receive claim payouts

About 50,000 Irish policyholders could be affected while there are currently 1,570 claims ongoing.

# central-bank - Wednesday 28 November, 2018

Warning people will be stuck in rental market as regulator leaves mortgage rules unchanged

Central Bank governor Philip Lane said the measures protect borrowers from excessive debt.

# central-bank - Saturday 24 November, 2018

No vulture fund or bank has ever been sanctioned for breaching the code of conduct

The Central Bank said no sanctions have been put in place since the Code of Conduct on Mortgage Arrears commencement in 2009.

# central-bank - Friday 23 November, 2018

Poll: Have you found phone insurance useful? Your Say This post contains a poll

Poll: Have you found phone insurance useful?

There’s concerns that people aren’t clear on what their phone insurance covers, leaving them stuck when it gets damaged.

# central-bank - Thursday 22 November, 2018

Some people are paying 'on the double' for phone insurance

Companies don’t give enough information about benefits and how to make a claim, the Central Bank has said.

# central-bank - Sunday 18 November, 2018

Hot-desk giant WeWork has a spot in the new One Central Plaza but no plans outside Dublin yet

The company has two offices open in the capital with three more in the pipeline.

# central-bank - Tuesday 13 November, 2018

Central Bank to track a 'critical mass' of restructured mortgages that are due to come up for review

Finance Minister Paschal Donohoe said there will be no change to the code of conduct, as it is working effectively.

# central-bank - Friday 12 October, 2018

Pace of economic growth strong in 2018 as Central Bank forecasts another 154,000 new jobs

Things aren’t looking too bad.

# central-bank - Thursday 4 October, 2018

Number affected by tracker mortgage scandal rises - it's now over 38,000

The Central Bank governor says a review of the scandal raises serious concerns about current Irish banking culture.

# central-bank - Tuesday 11 September, 2018

Poll: Are you wealthier now than during the boom? Your Say This post contains a poll

Poll: Are you wealthier now than during the boom?

The net worth of of Irish households has hit record highs.

# central-bank - Friday 7 September, 2018

343 homes repossessed over mortgage arrears during second quarter of 2018

Tens of thousands of people are still feeling the effects of the mortgage crisis ten years later.

# central-bank - Saturday 1 September, 2018

Bank of Ireland reverses decision to stop all-day cash services in over 100 branches

Earlier this year, the bank announced that around 100 branches across the country would have cash services for half days only.

# central-bank - Thursday 2 August, 2018

Taoiseach says there's 'no evidence of a land bubble' in Ireland

Leo Varadkar said it is something the government will keep an eye on.