Central Bank
Davy hit with record €4.1m fine for market breaches
The penalty over an Anglo Irish Bank bond trade is the largest ever issued to a stockbroker in Ireland
Analysis: Central banking’s brave new world
The ambition of central bankers once was to ‘be boring’ but they now take on responsibility for policy objectives such as tackling inequality and climate change. Not all onlookers are pleased at this ‘self-defined mission creep’
All bar none: publicans’ court victory to cost insurers dearly
Last Friday’s finding against FBD in a test case taken by four publicans will have wide-reaching implications for the hospitality sector
Varadkar adds to pressure on insurers over Covid cover
Judgment opens way for about 1,300 claims from business owners, while Sinn Féin calls on Central Bank to launch tracker mortgage-style examination
Mortgage rules raise doubts over shared equity housing scheme
Plan to help first-time buyers may clash with retail banks’ obligations under existing mortgage rules
Controversial British sub-prime lender insists that its Irish loans meet lending regulations
Amigo Loans says its product here differs from that which has been subject to several customer complaints in Britain
Analysis: What is the delay in banning dual pricing from Irish insurance market?
Customers are punished for staying with the same insurer, while new customers may be charged cheaper premiums, new report found
Central Bank to establish climate change unit
Regulator’s new unit will manage climate-related risks to the financial system
Central Bank says €6.5bn in Irish commercial property funds at risk due to Covid-19
Forty-three Irish real estate funds could be at risk of breaching banking covenants if value of properties continues to be hit
Ian Guider: Echoes of 2010 as we face an uncertain future
This weekend marks ten years since Ireland signed up to the troika’s €85bn bailout. The Central Bank’s latest stability review paints a similarly bleak picture of our immediate future
Central Bank leaves mortgage lending rules unchanged
Controversial measures introduced in 2014 to remain in place as economy faces uncertain period
Insurers last in popularity stakes as they are still not putting customers first
The Central Bank has rapped the insurance industry for ignoring its call to not pay dividends during the pandemic, insurers have not paid out on business interruption claims, and the industry is the subject of three high-level investigations
Pre-emptive recovery planning for insurers
Moyagh Murdock of Insurance Ireland believes post-Covid-19 recovery planning is only one aspect of a wider and complicated framework