Day: June 26, 2022
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 […]
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 […]
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 […]
Bausch Health Companies Inc. BHC, +20.36% disclosed Friday that Joseph Papa has resigned from the board of directors as of June 23. The specialty pharmaceutical company named John Paulson as its chairperson of the board. The company said Papa’s resignation from the board “was not due to any dispute or disagreement” with management or with […]
A panel of advisers to the Centers for Disease Control and Prevention voted unanimously Thursday to recommend Moderna’s MRNA, +0.71% COVID vaccine for children and adolescents aged 6 to 17. The move is expected to lead CDC head Dr. Rochelle Walensky to sign off on the vaccine for that age group, offering a second option […]
Shares of CarMax Inc. KMX, +7.19% rose 1.9% in premarket trading Friday, after the used car retailer reported fiscal first-quarter profit that fell but topped expectations, while sales rose above forecasts, boosted by higher car prices. Net income for the quarter to May 31 dropped to $252.3 million, or $1.56 a share, from $436.8 million, […]
