Day: August 26, 2022
It has come to the attention of the Central Bank of Ireland (‘Central Bank’) that fraudulent entities have been operating as investment firms / investment business firms in the State in the absence of appropriate authorisations. In multiple instances, the fraudulent entities cloned and impersonated a legitimate Central Bank authorised firm in order to deceive […]
It has come to the attention of the Central Bank of Ireland (‘Central Bank’) that a scam entity by the name Northstate (Commonwealth of Dominica), formerly operating the website www.northstate.io, has been claiming to be an investment firm / investment business firm in the State in the absence of appropriate authorisations. A list of unauthorised […]
It has come to the attention of the Central Bank of Ireland (‘Central Bank’) that Allconi Bank Administration Limited (Ireland) – https://www.allconi-bank.eu.com (no longer in operation) – has been holding itself out as a banker in the State in the absence of an appropriate authorisation. A list of unauthorised firms published to date is available […]
It has come to the attention of the Central Bank of Ireland (‘Central Bank’) that a fraudulent entity has been operating as an insurance / reinsurance firm in the State in the absence of appropriate authorisations. In this instance, the fraudulent entity cloned and impersonated a legitimate Central Bank authorised firm in order to deceive […]
The Central Bank of Ireland has engaged with financial services firms to reinforce its consumer protection expectations of all regulated firms that also operate as Direct Debit originators (DDOs). This follows a review of plans submitted from the financial services firms that are amongst the top 20 DDOs in Ireland, which set out the measures they […]
The Central Bank of Ireland welcomes today’s publication of the Central Bank (Individual Accountability Framework) Bill 2022. The Central Bank will continue to work with the Department of Finance throughout subsequent stages as the legislation progresses through the Oireachtas to enactment. Once the Bill has been enacted the Central Bank intends to publicly consult on […]
At last week’s meeting of the ECB’s Governing Council, we decided to increase our main policy rate by 50 basis points. This continues the normalisation of our monetary policy, a path that we had started to travel on last December. Our aim is to dampen the inflationary pressures that we’re seeing in the euro area […]
The PRA and FCA (together, the ‘Authorities’) joint investigations into certain former senior managers at HBOS plc have now concluded with a decision by each of the Authorities’ independent decision-makers to take no further action. The investigations, which began in 2016, were in response to Andrew Green QC’s November 2015 report into the reasonableness of […]
WASHINGTON (MarketWatch) – An early look at U.S. trade patterns in July showed a 9.7% decline in the nation’s trade deficit. The trade gap in goods – services are excluded – fell to $89.1 billion from $98.6 billion in the prior month, the government said Friday. The deficit has shrunk after a record increase in […]
Raymond James on Friday initiated coverage of Chicago-based community lender Byline Bancorp BY, -1.58% with a market perform rating. Analyst David Long cited the bank’s “attractive” deposit base, “impressive” loan growth prospects, experienced management team and opportunity to complement organic growth with mergers and acquisitions. At the moment, however, the stock’s premium to its peer […]
