Day: June 21, 2022
The Financial and Consumer Services Commission (FCNB) has become aware that PrimeOakmont (https://www.primeoakmont.com), which claims to be a bitcoin-based platform offering leveraged trading on several digital assets, is accepting New Brunswick residents as clients. This entity is not registered in New Brunswick to provide such services. PrimeOakmont appears to be operating from the United Kingdom. […]
The adoption of sanctions places legally binding obligations on all individuals and entities The Central Bank is sharing information with business representatives regarding individual and firm-level obligations Sanctions breaches must be reported to An Garda Siochana Against the backdrop of Russia’s invasion of Ukraine and the introduction of EU Regulations relating to financial sanctions, the […]
IBAN discrimination is an issue across Europe as more firms offer financial services cross border The Central Bank has contacted regulated firms and business representative bodies in Ireland to reinforce all organisations’ responsibilities under SEPA Supporting consumer choice to choose a provider with a non-Irish IBAN is important as Ulster Bank and KBC exit the […]
Insuring for our Future Good afternoon, it is a pleasure to address you today.1 A well-functioning insurance market provides important benefits and supports for society as a whole. Insurance protects people from financial loss, should unforeseen events arise. At a macro level you have an important role in channelling savings into financial markets and ultimately […]
Thank you for joining us today for the release of the first FSR of 2022. It gives me particular pleasure to welcome some of you in person for today’s event after more than two years, our first hybrid version of the release of the Review. We are meeting today at a time when a series […]
Medium-term risks have grown in the past six months, with the focus shifting from pandemic related distress to concerns around the impact of lower global growth expectations, significant price pressures and tightening financial conditions. Inflationary pressures present new challenges for borrowers, which are mitigated by the building of resilience over the past decade. The Central […]
It has come to the Central Bank of Ireland’s (‘Central Bank’) attention that a fraudulent entity, Cofino Capital, operating the website www.cofino-capital.com (Not Active), has been operating as a retail credit firm in the State in the absence of an appropriate authorisation. In this instance, the fraudulent entity claimed to be a partner of the […]
It has come to the Central Bank of Ireland’s (‘Central Bank’) attention that a fraudulent entity, CFDS Finance (France), operating the website www.cfds-finance.com (Not Active), has been operating as a retail credit firm in the State in the absence of an appropriate authorisation. In this instance, the fraudulent entity claimed to be a partner of […]
At a time when a significant number of crypto platforms are struggling to remain afloat, BlockFi hopes the new credit line would help them secure user’s funds 740 Total views 47 Total shares BlockFi, a cryptocurrency exchange and digital wallet service provider, has secured a $250 million credit from leading crypto platform FTX. Today @BlockFi […]
General Electric Co. GE, +0.36% said Tuesday that it has opened the claims process for the GE Fair Fund, which was established to compensate investors “harmed” by GE’s failure to disclose “material” information related to the power and insurance businesses. The industrial conglomerate said the Fund was established by the Securities and Exchange Commission to […]
