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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 […]
The Financial Conduct Authority (FCA) is establishing a new advisory committee to the FCA’s Board to work on Environmental, Social and Governance (ESG) issues, and is looking for expressions of interest from stakeholders to join. Earlier this year the FCA Board decided to establish a brand new ESG Advisory Committee to help execute its ESG-related […]
AMC Entertainment Holdings Inc.’s AMC, -4.45% AMC Preferred Equity Units APE, +10.38% made their trading debut Monday, ending a volatile session down 13.7%, outpacing the S&P 500 Index’s SPX, +0.03% decline of 2.1%. AMC’s stock ended Monday’s session down 5.5%. Following the APEs’ debut, analyst firm Wedbush cut its AMC price target. “On August 22, […]
Los Angeles-based cannabis company MedMen Enterprises Inc. MMNFF, +7.46% MMEN, +7.14% said late Monday it’s currently exploring strategic alternatives for its New York business. The company owns a cultivation facility in New York and four dispensaries under the state’s existing medical cannabis program. “We are focused on maximizing our existing footprint, including our operations in […]