New legislation may be required to ensure investors are compensated in a reasonable period of time when big investment firms go under, the Investor Compensation Company, set up to protect investors, has said.

MORE than seven years after the collapse of stockbrokers W&R Morrogh, 45 of the firm’s clients have yet to have their claims processed by the Investor Compensation Company Limited (ICCL).

THE planned introduction by 2005 of an embedded security chip in credit cards will be a turning point in the battle against stolen and counterfeit cards, a banking chief said yesterday.

CONSUMER organisations have raised doubts over claims by the Irish Bankers’ Federation that the cost of banking in Ireland is competitive by European standards.

IRISH banks are among the top-third most profitable in the EU, despite claims by Irish financial institutions that the public perception of the banking sector here is “misleading and inaccurate.”