THE Credit Union Managers’ Association (CUMA) has voiced its disagreement with the main representative body’s call for a new independent regulator for the credit union movement in Ireland.

THE main representative body for Ireland’s credit union movement has called for an independent regulator for the sector, warning that the proposed reform of the financial regulatory system could damage their business.

THE Government could end up owning up to 50% of AIB and Bank of Ireland, both of which need “significantly more capital,” the governor of the Central Bank, Patrick Honohan has said.

THE proposed new singular structure for financial regulation in Ireland – combining the Central Bank and the Financial Regulator – will be better placed to take a systemic overview of the entire banking sector, rather than just a case-by-case basis, officials from the Department of Finance told a Dáil committee yesterday.

The Taxi Regulator Kathleen Doyle says there has been a sharp decline in the number of applications for taxi licences.

AIB’s outgoing chief executive Eugene Sheehy has denied accusations that the bank had acted illegally in allowing its subsidiary, Goodbody Stockbrokers, to trade in its shares overseas before legislation was changed to formally allow it to do so.

AIB issued a curt one-line statement last night in response to the spate of damaging allegations made by Eugene McErlean.

The Financial Regulator today rejected claims by a former internal auditor with AIB that the Regulator know about over-charging in the bank as far back as 2001.

A GREAT deal of the panic that caused such decimation on the world’s financial markets is caused by uncertainty; by not knowing what is really going on.