Day: June 24, 2022
BofA Crypto Flows to knowAccording to a report by BofA Digital asset’s bearish positioning persists: Investors are continuing to position defensively following last year’s liquidity-driven digital asset bull market. Although painful, removing the sector’s froth is likely healthy as investors shift focus to projects with clear road maps to cash flow and profitability vs purely […]
The layer-1 blockchain’s main bridge between Ethereum, Binance Chain, and Bitcoin has been exploited for nine figures, but says its BTC bridge has not been affected. 1211 Total views 10 Total shares The Horizon Bridge to the Harmony layer-1 blockchain has been exploited for $100 million in altcoins which are being swapped for Ether (ETH). […]
All three major U.S. stock benchmarks closed higher Thursday, with the technology-heavy Nasdaq Composite leading the way up amid economic data showing signs of slowing growth. The Dow Jones Industrial Average DJIA, +0.64% rose almost 200 points to close around 0.6% higher, while the S&P 500 SPX, +0.95% climbed about 1% and the Nasdaq COMP, […]
On 22 June 2022, the Central Bank of Ireland (the “Central Bank”) reprimanded and fined Allied Irish Banks p.l.c. (“AIB” or the “Firm”) €83,300,000 pursuant to its Administrative Sanctions Procedure (“ASP”) for a series of significant and long-running failings in the treatment of its tracker mortgage customers holding 10,015 mortgage accounts between August 2004 and […]
On 22 June 2022, the Central Bank of Ireland (the “Central Bank”) reprimanded and fined EBS d.a.c. trading as EBS (“EBS” or the “Firm”) €13,400,000, pursuant to its Administrative Sanctions Procedure (“ASP”) for a series of significant and long-running failings in the treatment of its tracker mortgage customers, holding 2,830 mortgage accounts, between August 2004 […]
Report provides key statistics on employers’ liability, public liability, and commercial property insurance in Ireland; including data on claims costs and settlement channels. On average, employers’ liability and public liability claims settled through litigation cost more and take longer to settle than claims settled directly or via the PIAB. Insurers’ income and expenditure on Employers’ […]
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 […]
