Tag: Press Release

Aug 03
Central Bank launches consultation on climate change risk guidance for the insurance sector

  Climate change is no longer an “emerging risk” – the time for action is now. Strengthen the resilience of the financial system to climate-related risks a key priority for the Central Bank. The Central Bank expects all insurers to monitor their exposure to climate change risk. The Central Bank of Ireland has today (3 […]

Aug 03
Central Bank launches consultation on climate change risk guidance for the insurance sector

  Climate change is no longer an “emerging risk” – the time for action is now. Strengthen the resilience of the financial system to climate-related risks a key priority for the Central Bank. The Central Bank expects all insurers to monitor their exposure to climate change risk. The Central Bank of Ireland has today (3 […]

Aug 02
Central Bank reinforces consumer protection expectations of regulated financial firms providing Direct Debit services

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 […]

Aug 02
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 02
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 02
Challenges and opportunities for a financial services ecosystem in transition – Makhlouf

Governor of the Central Bank of Ireland Gabriel Makhlouf spoke this afternoon about current trends in the Irish, German and Eurozone economies, as well as opportunities and challenges in the financial system at an event hosted by the Consulate General of Ireland and IHK Frankfurt, in partnership with Verband der Auslandsbanken in Frankfurt, Europa Union […]

Aug 01
Central Bank reinforces consumer protection expectations of regulated financial firms providing Direct Debit services

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 […]

Aug 01
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 01
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 01
Challenges and opportunities for a financial services ecosystem in transition – Makhlouf

Governor of the Central Bank of Ireland Gabriel Makhlouf spoke this afternoon about current trends in the Irish, German and Eurozone economies, as well as opportunities and challenges in the financial system at an event hosted by the Consulate General of Ireland and IHK Frankfurt, in partnership with Verband der Auslandsbanken in Frankfurt, Europa Union […]