Ireland's economy continued to grow in the second quarter of the year, albeit with progress characterised by a continuing large contribution from multinational companies and moderating growth in the domestic economy.
Ireland's agency for workforce-learning says companies need to be more proactive in training staff in innovation.
William Molloy has been announced as the Central Bank’s director of financial operations, from August 1.
The economist, who has been with the bank for more than 20 years, will take up the position from the start of June until the end of August.
The TURAS NUA 'JobPath' programme says it has found jobs for 20,000 long-term unemployed.
Mortgage arrears are not just problems for homeowners struggling to make repayments but pose a threat to the wider economy, a senior figure in the Central Bank has warned.
There is no early end in sight to house price increases and it will take several years for new housing supply to come anywhere near to meeting the demand, the Economic and Social Research Institute has warned.
There is no early end in sight to house price increases and it will take “the next five, six, seven years” for new supply to come anywhere near to meeting pent-up demand, the Economic and Social Research Institute warns.
The deputy head of the Central Bank said any influx of financial services firms to Dublin, arising out of Brexit, could pose “a broad range” of risks to the Irish economy.
The Central Bank’s mortgage lending rules should be maintained to help head off the boom-bust economic cycles that have plagued Ireland and brought the country to its knees during the recession, the IMF has warned.
The Central Bank has hinted that it will not change mortgage deposit restrictions when the first review of the rules is published in November.
The Central Bank expects to make permanent controversial loan-to-value and loan-to-income limits on mortgage lending introduced last year, though the levels may be calibrated, its deputy governor said yesterday.
Irish financial services firms are fully prepared for the short-term consequences of a Brexit, the Central Bank has said.
Sharon Donnery — who as director of credit institutions is the senior regulator over the banks — has been promoted to deputy governor post at the Central Bank.
Irish banks must tread carefully before they begin to write back provisions on bad loans as a result of a recovering property market and not bow to demands to bolster profits, a senior official at the Central Bank said yesterday.
Sharon Donnery is taking over from Fiona Muldoon as the director of credit institutions at the Central Bank with immediate effect.
It is likely some smaller credit unions will be merged as part of restructuring in the sector, the Credit Union Development Association's AGM has heard.
Only a minority of credit unions are in compliance with the Central Bank’s new regulations for the sector, according to the registrar of credit unions, Sharon Donnery.
The Central Bank has formally published new fitness and probity guidelines for the credit union movement, in a bid to improve governance standards across the network.
The total level of personal loans and mortgages held by Irish people has shrunk every month for the last 39 months, while savings have been on the increase over the same period, according to figures released by the Central Bank.
NEW Irish care company, FRS Homecare is to create 300 new jobs over the next year and a half as it looks to grow quickly after its launch earlier this year.
HOUSEHOLDERS have been warned not to go overboard with excess on their home insurance policies after a survey showed significant price differences between eight well-known insurance companies.
STUDENTS have been warned to look out for big variations in interest rates and other banking charges by the Financial Regulator.
Canny investors could save between €100 and €350 when investing in stock markets in Dublin, London and New York, a survey showed today.
Wednesday, September 30, 2020 - 11:00 AM
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