The Irish Central Bank has announced three appointments at Director level in its Financial Conduct pillar. The Directors will report to Director General, Financial Conduct, Derville Rowland. The financial conduct pillar was established following a restructuring of financial regulation in 2017. Gráinne McEvoy has been appointed to the role of Director of Consumer Protection. Prior…

Ireland’s National Treasury Management Agency (NTMA) has announced that is planning three debt auctions in the first quarter of this year. Following the sale of €4 billion of bonds last Week the NTMA announced plans for two bond auctions and one treasury bill auction to take place in February and March. The bonds sold on Wednesday will…

Ireland’s Central Bank has sold a further €500 million tranche of debt connected with the collapse of Anglo Irish Bank. The latest transaction brings to €9.5 billion the amount of legacy debt bought from the bank by the National Treasury Management Agency (NTMA). Following the purchase, €15.53 billion of debt associated with the failure of Anglo Irish Bank remains with…

The number of Irish homeowners in arrears for more than 90 days inched lower to 7 percent in the third quarter from 7.1 percent three months earlier, according to latest figures from the Central Bank data showed on Thursday, confirming a pattern of moderating declines. Arrears began falling sharply from a peak of 12.9 percent…

The Central Bank of Ireland has today published its second edition of the 2017 Macro-Financial Review (MFR), which provides an overview of the current state of the macro-financial environment in Ireland. Despite a global economic recovery that continues to strengthen, the Review highlights a range of risks to the Irish economy and financial system. The…

The Central Bank of Ireland has fined Intesa Sanpaolo  €1,000,000 and reprimanded it for four breaches of the Criminal Justice (Money Laundering & Terrorist Financing) Act, 2010 (the ‘CJA 2010’).  Intesa admits the four breaches. The Central Bank’s enforcement investigation identified significant failures in Intesa’s controls, policies and procedures in respect of anti-money laundering and…

BDO, liquidators of Irish Charleville Credit Union have put its premises and loan book up for sale, with half a dozen credit unions already eager to acquire the loans. The loan book is said to have a gross value of €14million. However, it is understood that only around €8m worth of loans are performing. Charleville…

Following an application by the Central Bank of Ireland, the High Court has appointed liquidators to Charleville Credit Union. The Central Bank decided to use its legal power to apply for the winding-up of Charleville having given due consideration to the circumstances detailed in the Resolution Report and Wesley Murphy’s affidavit. These documents detail breaches…

The Central Bank of Ireland has made an application today to the High Court to have provisional liquidators appointed to Charleville Credit Union . David O’ Connor and Jim Hamilton of BDO were appointed as joint provisional liquidators. The Central Bank has made this application as it has formed the view that Charleville Credit Union …

The merger of Intrum Justitia and Lindorff was completed in June and following from the announcement the company has consolidated the two companies by introducing a new corporate identity and brand name: Intrum. Mikael Ericson CEO and President of Intrum said ”Intrum is the undisputed market leader. This presents new opportunities for growth through joined…

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