Day: August 29, 2022
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 […]
Central Bank Economic Letter finds that, while household deposits increased across all euro-area countries during the pandemic, Irish deposit growth was among the highest, exceeded only by Baltic countries. Unlike Ireland, these countries had very high pre-pandemic deposit growth, marking the Irish experience as exceptional. While the virus and related restrictions reduced spending, a higher […]
Aug. 29, 2022 Fraudsters often use social media to scam investors. The SEC’s Office of Investor Education and Advocacy encourages you to be skeptical and never make investment decisions based solely on information from social media platforms or apps. Investors increasingly rely on social media for information about investing. While social media can provide many […]
GBPUSD is plunging and updating its multi-month lows. The Pound Sterling can’t help plummeting against the USD. The current quote for the instrument is 1.1674. Apart from the strong ”greenback” factor and global risk aversion, negative news came from the British energy regulator, The Office of Gas and Electricity Markets (Ofgem). The regulator said that […]
EURUSD, “Euro vs US Dollar” In the H4 chart, EURUSD is trading below the 200-day Moving Average to indicate a possible descending tendency. In this case, the price is expected to test 2/8, break it, and then continue falling to reach the support at 1/8. Still, this scenario may no longer be valid if the […]
