Day: June 22, 2022
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 […]
After a turbulent past week, calm has finally returned to the markets. Demand for risk assets slowly recovers: European indices have been rising for the third day in a row, US futures rebounded by more than 1.5% on Tuesday. The dollar index (DXY) fell against the euro and the pound, rose against commodity currencies amid […]
Global equities benchmarks are seeing a more positive open on Tuesday. With the recent rally in USD pausing for now, equities traders are bidding up the indices tracked here with gains across the board today. US markets were out yesterday for the bank holiday so volume is expected to be at a better level today […]
Published: June 21, 2022 at 4:13 p.m. ET President Joe Biden on Tuesday offered signs that he could support suspending the federal gasoline tax, as he responded to a reporter’s question on how a gas tax holiday would make it difficult to pay for major infrastructure projects. “We have plenty of capacity to do that,” […]