News

Jun 22
U.S. oil futures drop to lowest finish since mid-May

Read Next Tesla stock selloff created ‘generational’ investment opportunity, analyst says The recent selloff in Tesla Inc.’s stock undefined has created a “generational investment opportunity” in one of the most compelling growth stories, said CFRA analyst Garrett Nelson, as he believes the electric vehicle market leader has long-term potential similar to technology disruptors such as […]

Jun 22
Regulatory Notice 22-14

Summary FINRA is soliciting comment on a proposal to establish a new trade reporting requirement for transactions in over-the-counter options on securities with terms that are identical or substantially similar to listed options. FINRA is proposing to require firms to report this information to FINRA on a daily basis (end-of-day) for regulatory purposes only. Questions […]

Jun 22
Second Employers’ Liability, Public Liability and Commercial Property Insurance Report of the NCID published

Report provides key statistics on employers’ liability, public liability, and commercial property insurance in Ireland; including data on claims costs and settlement channels. On average, employers’ liability and public liability claims settled through litigation cost more and take longer to settle than claims settled directly or via the PIAB. Insurers’ income and expenditure on Employers’ […]

Jun 22
Central Bank contacts business groups regarding Financial Sanctions obligations

The adoption of sanctions places legally binding obligations on all individuals and entities The Central Bank is sharing information with business representatives regarding individual and firm-level obligations Sanctions breaches must be reported to An Garda Siochana Against the backdrop of Russia’s invasion of Ukraine and the introduction of EU Regulations relating to financial sanctions, the […]

Jun 22
Central Bank calls on firms to prevent IBAN discrimination

IBAN discrimination is an issue across Europe as more firms offer financial services cross border The Central Bank has contacted regulated firms and business representative bodies in Ireland to reinforce all organisations’ responsibilities under SEPA Supporting consumer choice to choose a provider with a non-Irish IBAN is important as Ulster Bank and KBC exit the […]

Jun 22
Remarks by Governor Gabriel Makhlouf at Insurance Ireland’s Annual Industry Lunch

Insuring for our Future Good afternoon, it is a pleasure to address you today.1 A well-functioning insurance market provides important benefits and supports for society as a whole. Insurance protects people from financial loss, should unforeseen events arise.  At a macro level you have an important role in channelling savings into financial markets and ultimately […]