Category: Regulations

regulations

Aug 21
Statement on the publication of the Central Bank (Individual Accountability Framework) Bill 2022

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 […]

Aug 21
Fiscal policy and planning for resilience

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 […]

Aug 21
Higher real income growth, reduced spending and precautionary savings contributed to significant increase in Irish household deposits during the pandemic

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 […]

Aug 20
Reserve Bank of Ireland Issues Warning on Unauthorised Firm– Northstate

It has actually concerned the interest of the Central Bank of Ireland (‘ Central Bank’) that a fraud entity by the name Northstate ( Commonwealth of Dominica), previously running the internet site www. northstate.io, has actually been asserting to be an investment company/ financial investment firm in the State in the lack of ideal authorisations. […]

Aug 20
Reserve Bank of Ireland Issues Warning on Unauthorised Firm – Allconi Bank Administration Limited

It has actually pertained to the interest of the Central Bank of Ireland (‘ Central Bank’) that Allconi Bank Administration Limited( Ireland)– https://www.allconi-bank.eu.com(no more in procedure) – has actually been holding itself out as a lender in the State in the lack of a proper authorisation. A listing of unsanctioned companies released to day is […]

Aug 20
Reserve Bank of Ireland Issues Warning on Unauthorised Firm– Fraudulent entity duplicates authorized company Great American International Insurance (EU) DAC

It has actually concerned the focus of the Central Bank of Ireland (‘ Central Bank’) that a deceptive entity has actually been running as an insurance coverage/ reinsurance company in the State in the lack of suitable authorisations. In this circumstances, the illegal entity duplicated as well as posed a legit Central Bank authorized company […]

Aug 20
Reserve bank strengthens customer security assumptions of managed monetary companies offering Direct Debit solutions

The Central Bank of Ireland has actually involved with economic solutions companies to enhance its customer security assumptions of all controlled companies that additionally run as Direct Debit pioneers (DDOs). This adheres to a testimonial of strategies sent from the monetary solutions companies that are among the top 20 DDOs in Ireland, which laid out […]

Aug 20
Declaration on the magazine of the Central Bank (Individual Accountability Framework) Bill 2022

The Central Bank of Ireland invites today’s magazine of the Central Bank (Individual Accountability Framework) Bill 2022 The Central Bank will certainly remain to collaborate with the Department of Finance throughout succeeding phases as the regulations advances via the Oireachtas to implementation. As soon as the Bill has actually been passed the Central Bank means […]

Aug 20
Greater actual revenue development, minimized costs as well as preventive financial savings added to substantial boost in Irish home down payments throughout the pandemic

Central Bank Economic Letter locates that, while home down payments enhanced throughout all euro-area nations throughout the pandemic, Irish down payment development was amongst the highest possible, surpassed just by Baltic nations. Unlike Ireland, these nations had extremely high pre-pandemic down payment development, noting the Irish experience as remarkable. While the infection and also relevant […]