Latest Market News

Jul 19
Central Bank Governor visits Tipperary to meet businesses and students

Governor of the Central Bank of Ireland Gabriel Makhlouf met with businesses and students from Tipperary yesterday during his day-long visit.  Governor Makhlouf met with local entrepreneurs, staff and Government agencies at Tipperary Technology Park, where conversations included the importance of local digital hubs and local economic development in a hybrid working world recovering from […]

Jul 19
Recurrent property taxes may help to reduce house price volatility

Central Bank Economic Letter finds that recurrent property taxes can, over time, help to mitigate downside risks to house prices. Such taxes may also provide a stable source of revenue for government, as they are less likely to be affected by the economic cycle. Revenue from recurrent property taxes, as a proportion of national income, […]

Jul 19
CFTC Orders Powerline Petroleum, LLC to Pay $875,000 For Fraud, False Statements to CME, and Failure to Register as a Commodity Trading Advisor

Co-Founder and Owners Also Charged July 19, 2022 Washington, D.C. — The Commodity Futures Trading Commission today issued an order filing and simultaneously settling charges against Powerline Petroleum, LLC (Powerline), its co-founder and owner, Darren Dohme, and other owner, Adam Wright, for misleading clients regarding the nature of Powerline’s role, and financial interest in the […]

Jul 19
Central Bank highlights weaknesses in Virtual Asset Service Providers’ AML/CFT Frameworks

Central Bank seeks to anticipate and support innovation in the financial services industry Firms in novel areas must ensure their businesses will not be used to launder the proceeds of crime or to finance terrorism Central Bank issues a bulletin to virtual asset service providers (VASPs) to assist them in strengthening their applications and frameworks […]

Jul 19
Central Bank of Ireland welcomes publication of the International Monetary Fund’s assessment of Ireland’s financial sector

The IMF’s review recognises considerable progress in strengthening the framework for financial sector regulation, supervision and crisis management in Ireland. An increasingly large, complex and rapidly evolving financial system in Ireland raises new challenges for the future. Review makes targeted recommendations for further work, which will be considered by the Central Bank as it implements […]

Jul 19
Source claims 3AC’s Deribit exposure is worth much less than reported

Court documents that describe the insolvency of failed crypto hedge fund Three Arrows Capital, also known as 3AC, may be overestimating the value of the firm’s remaining assets — specifically, its exposure to crypto options exchange Deribit.  In a 1,100-page affidavit composed by liquidator Russell Crumpler and filed in a British Virgin Islands court, 3AC was […]