Day: June 26, 2022
General Motors’ Cadillac is planning to price a future electric sedan at about $300,000, the Wall Street Journal reported Friday, citing people familiar with the matter. The car, named the Celestiq, is expected to be revealed this summer in prototype form as Cadillac’s premier offering. The pricing has not yet been disclosed. GM is planning […]
The U.S.-listed shares of Li Auto Inc. LI, +3.95% 2015, +5.90% ran up 4.5% in premarket trading Friday, after the China-based electric vehicle maker said it received more than 30,000 orders for its Li L9 sport-utility vehicle in just 72 hours since reservations became available. The company has taken in more than $22.4 million with […]
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 […]
Biogen Inc. BIIB, +0.26% said in a statement that it stopped a post-marketing clinical trial testing its Alzheimer’s disease therapy Aduhelm, citing a Medicare policy that will limit usage of the drug. The company updated the study’s ClinicalTrials.gov listing with this information on Tuesday. The prospective, multi-center study planned to track patients taking Aduhelm for […]
