The notification that Irish banks were not ready for some new features of the EU Payment Service Directive came from the Central Bank in mid-December when there was clear evidence the new security procedures entailed by the directive were not going to be met anytime soon.
Mon, 06 Jan, 2020
Ireland has lost out of hundreds of high-paid jobs, tens of millions of euro in revenue and the chance to fully restore our international financial credibility after losing a European Banking Authority bidding war by the bounce of a ball.
Tue, 21 Nov, 2017
A proposal under discussion by Klaus Regling and other senior European officials to create a Nama-like ‘bad bank’ to buy out bad loans weighing down Europe’s banks could boost the Government’s hopes of selling shares in AIB this year, according to an Irish expert.
Wed, 01 Feb, 2017
The Government has confirmed it will make a pitch for a second EU regulator to relocate its offices and staff from the UK following the Brexit decision by seeking to lure the European Banking Authority (EBA) to Ireland
Wed, 26 Oct, 2016
Central Bank governor Philip Lane has called for a radical resetting of a key debt reduction target for the State, suggesting the traditional debt goal sanctioned by the EU does not work that well for the vulnerable Irish economy.
Tue, 06 Sep, 2016
Despite the compelling economic recovery story that has been steadily building over the past couple of years, objective observers of the economy have recognised the health of the banking sector as an ongoing source of concern for Ireland.
Fri, 05 Aug, 2016