Day: August 31, 2022
Central Bank Research Technical Paper finds that demographic changes have led to a build-up in wealth among older generations, and a decline in rates of return. Younger generations therefore face significant challenges in building up sufficient wealth to fund their retirement. As a result, future retirees are likely to face progressively lower standards of living […]
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 (‘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 […]
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 […]
EURUSD, “Euro vs US Dollar” After completing the descending structure at 0.9982, EURUSD is growing towards 1.0057 and may later fall to return to 0.9982, thus forming a wide consolidation range around the latter level. If the price breaks this range to the downside, the market may resume moving downwards with the target at 0.9800; […]
USDJPY, “US Dollar vs. Japanese Yen” As we can see in the H4 chart, USDJPY is trading inside the “overbought area”. In this case, the price is expected to test 8/8, break it, and then continue falling and reach 7/8. However, this scenario may no longer be valid if the price breaks the resistance at […]
More than $283 million of the $2 billion in crypto transactions were reportedly facilitated through illegal remittance agencies. 556 Total views 24 Total shares Authorities with South Korea’s customs service have reportedly arrested 16 people involved in illegal foreign exchange transactions connected to crypto assets worth roughly $2 billion. According to a Tuesday report from […]
