Central Bank could clamp down on global real estate funds
The bank’s governor Gabriel Makhlouf has cited concerns over the Irish economy’s exposure to risk from vulnerabilities in the sector
The Central Bank of Ireland could place additional regulatory burdens on international real estate funds, amid concerns that they may pose a risk to the country’s financial stability.
The financial regulator is looking to address gaps in its regulatory framework governing funds which have built up large interests in Irish commercial real estate over the past decade.
Risks such as the leverage of funds, their exposure to the retail sector which has been...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
Analysis: Draft legislation brings individual accountability for financial sector misconduct a step closer
Executives could be fined up to €1 million and barred from working in the sector if they breach financial conduct rules under proposed new law
Ian Guider: Moneylending doesn’t need a revamp, it needs to be replaced
New laws around ‘high-cost credit’ will be useful, but even better would be creating ways to bring those who have no other options than moneylenders into mainstream finance
Phil Hogan appointed to executive advisor role in decentralised finance legal assurance firm
Astra Protocol is a patented blockchain legal product that claims to facilitate easier and safer smart contracts and for decentralised finance products such as crypto currencies.