Latest Market News
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 […]
New emergency asset retention rules now apply to 101 firms who provided pension transfer advice to former British Steel Pension Scheme (BSPS) members, 26 of these firms are subject to an asset restriction. We announced emergency rules on 25 April 2022 to prevent firms who advised BSPS members to transfer their benefits out of […]
SNDL Inc. sbdl said Monday it will acquire Valens Co. Inc. VLNS, -5.51% VLNS, -5.60% in an all-stock deal valued at C$138 million ($105.9 million). SNDL will pay 0.3334 shares of its stock for each share of Valens, the company said. The deal implies a value of C$1.26 per Valens shares, a premium of 32.6% […]