Day: June 25, 2022

Jun 25
Dick’s Sporting Goods stock soars, after CEO says help will be provided for those needing to travel for legal abortions

Shares of Dick’s Sporting Goods Inc. DKS, +8.40% shot up 9.6% in midday trading Friday, to pace all the SPDR S&P Retail ETF’s XRT, +3.71% gainers, after Chief Executive Lauren Hobart said the sporting goods retailer will help pay travel expenses if employees need to obtain a legal abortion. Earlier Friday, the U.S. Supreme Court […]

Jun 25
PLATINUM FUTURES (PL1!), H1 Potential for Bearish Drop

Type : Bearish Drop Key Levels:Resistance : 924.7 Pivot: 901.4 Support : 874.9 Preferred Case: On the H1, price is moving below the ichimoku cloud which gives us a bearish bias that prices will drop to the pivot at 901.4 where the 78.6% fibonacci projection and swing low support are. Once there is downside confirmation […]

Jun 25
Baker Hughes reports the biggest U.S. oil-drilling rig count increase in 5 weeks

Read Next Dick’s Sporting Goods stock soars, after CEO says help will be provided for those needing to travel for legal abortions Shares of Dick’s Sporting Goods Inc. undefined shot up 9.6% in midday trading Friday, to pace all the SPDR S&P Retail ETF’s undefined gainers, after Chief Executive Lauren Hobart said the sporting goods […]

Jun 25
Monetary policy and financial stability

A key part of the Central Bank’s role is the maintenance of monetary and financial stability. Our work on the first of these is primarily done through monetary policy set for the euro area by the ECB’s Governing Council.  And here in Ireland we set out our views on the key risks to financial stability […]

Jun 25
Individual accountability – a maturing of financial regulation – Speech by Gerry Cross, Director of Financial Regulation: Policy and Risk, at Arthur Cox Client Seminar

  Speech to Arthur Cox Client Seminar, 23 June 2022 Good afternoon. It is a pleasure to be here. Many thanks to Arthur Cox for inviting me to speak with you today. The focus of my remarks is the new Individual and Senior Executive Accountability framework which will come into effect next year1.  I will […]

Jun 25
Allied Irish Banks p.l.c. reprimanded and fined €83,300,000 by the Central Bank of Ireland for regulatory breaches affecting tracker mortgage customers

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 […]

Jun 25
EBS d.a.c. reprimanded and fined €13,400,000 by the Central Bank of Ireland for regulatory breaches affecting tracker mortgage customers

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 […]

Jun 25
Second Employers’ Liability, Public Liability and Commercial Property Insurance Report of the NCID published

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’ […]

Jun 25
Central Bank contacts business groups regarding Financial Sanctions obligations

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 […]

Jun 25
Central Bank calls on firms to prevent IBAN discrimination

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 […]