Day: August 30, 2022

Aug 30
Central Bank of Ireland Issues Warning on Unauthorised Firm – Northstate

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 […]

Aug 30
Central Bank of Ireland Issues Warning on Unauthorised Firm – Allconi Bank Administration Limited

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 […]

Aug 30
Central Bank of Ireland Issues Warning on Unauthorised Firm –   Fraudulent entity clones authorised firm Great American International Insurance (EU) DAC

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 […]

Aug 30
Central Bank of Ireland Issues Warning on Unauthorised Firm – Lend Invest

The Central Bank of Ireland (‘Central Bank’) today, 02 August 2022, published the name of an unauthorised firm, Lend Invest – https://thelendinvest.uk/ , in order to warn the public that it is not authorised by the Central Bank to provide financial services. Lend Invest is advertising loans on its website but it holds no authorisation […]

Aug 30
Central Bank reinforces consumer protection expectations of regulated financial firms providing Direct Debit services

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 […]

Aug 30
Statement on the publication of the Central Bank (Individual Accountability Framework) Bill 2022

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 […]

Aug 30
Fiscal policy and planning for resilience

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 […]

Aug 30
It’s even scary how weak the Pound is. Overview for 30.08.2022

GBPUSD remains under pressure; the asset is trading at its 30-month lows. On Tuesday morning, the Pound Sterling is looking as weak against the USD as before. The current quote for the instrument is 1.1715. It appears that the British economy can’t handle one problem before another starts knocking on the door. This continuous stress […]

Aug 30
EURUSD found support. Overview for 30.08.2022

EURUSD got very close to parity again.  The major currency pair recovered a little bit after plunging earlier this week. The current quote for the instrument is 0.9984. The key negative vibe for EURUSD was the speech delivered by US Fed Chair Jerome Powell at the economic symposium in Jackson Hole. Powell said that the […]

Aug 30
Frida Kahlo art finds permanent home in the metaverse

Art, artifacts and untold family stories from the world-renowned Mexican painter Frida Kahlo are being digitized and uploaded to the metaverse. 1951 Total views 42 Total shares The family of the world-renowned painter Frida Kahlo released never before seen art and memorabilia tied to the artist into the metaverse. The content debuted in a permanent […]