THE Central Bank has expressed serious concern at the lack of progress within the Irish banks concerning risk management.

Banks that continue to link wage perks to inappropriate risk taking should be named and shamed after a damning review found little change in pay policies.

THE Financial Regulator’s office has called for new blood to be introduced to help run the banking sector and for more non-executive directors to join bank boards and to be paid higher salaries.

THE Central Bank has introduced a new code of practice for directors’ loans aimed at stamping out the kinds of policies that came to light at Anglo Irish Bank, at the time of its nationalisation early last year.

NEW limits on how much customers can borrow are to be introduced as part of a radical reform of how banks are policed.

THE Central Bank will publicly report its initial findings into how well the country’s main banks have reformed their practices, next month – warning that it will “make life difficult and expensive for banks which fail to manage risk adequately”.

STAFF levels at the Central Bank could swell by 350 in the next two years as the body – soon to be amalgamated, with the Financial Regulator, into the new Central Bank Commission – moves to build a more effective supervisory regime.

THE Central Bank’s veto over senior banking appointments needs to be underpinned with new legislation, attendees heard at yesterday’s Mazars Banking Conference in Dublin.