Pressure is mounting on the Government to ramp up its crisis Brexit plans after British prime minister Boris Johnson moved to muzzle MPs trying to stop a chaotic EU exit.

Boris Johnson’s decision to seek the suspension of parliament in order to pursue a no-deal Brexit is a salutary reminder to the Irish Government that it can control only what it can control, ie what is within its sphere of influence.

The Central Bank has told Finance Minister Paschal Donohoe to keep a tight grip over his budget plans in October, no matter how Brexit plays out.

Britain's likely next prime minister Boris Johnson has been warned he will not be able to win the Brexit stand-off by "sloganeering" and must put his "ego" to one side if he is to find a solution to the crisis.

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 Government has looked outside the country and named a New Zealand government official as the governor of the Central Bank.

The ECB has advertised for a new bank supervisory chief, looking for an expert to oversee a sector still weighed down by bad loans and weak profitability following the bloc’s debt crisis.

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.

Left to their own devices, Irish banks will do little to solve their own mortgage arrears problems but some policies to clean up the loan books may make matters worse, according to the Central Bank.

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 ECB has ramped up efforts to tackle the mountain of soured loans in many eurozone banks, seeking to repair damage caused by years of lax supervision and feeble economic growth.

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 banks are ready for a Brexit, according to the Central Bank.

Good afternoon. Here’s all the news you need to know this lunchtime.

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.

Here’s a briefing on some of the stories and issues highlighted on irishexaminer.com today.

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.

IRELAND’s stockbroking and investment firms need to up their game when dealing with customer complaints, the Central Bank has warned.

THE Central Bank is considering taking enforcement action against a number of non-compliant spread betting firms — which could see fines of up to €5m being imposed.

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.

CONSUMERS could save more than 50% on home insurance if they go to a traditional high street broker instead of an online insurer.

MALE smokers can cut their life insurance bill in half by kicking the habit and shopping around.

SMOKERS are paying up to twice as much as non-smokers for life assurance and compulsory mortgage insurance, new figures show.

New research shows that people are becoming more aware of the risks of financial fraud.

STUDENTS have been warned to look out for big variations in interest rates and other banking charges by the Financial Regulator.

CAR buyers can save over €2,500 if they shop around for the best finance deal when purchasing a new motor vehicle, according to the Financial Regulator.

A new survey by the Financial Regulator reveals people can save almost €500 and more than €1,000 on two different car finance agreements.

Canny investors could save between €100 and €350 when investing in stock markets in Dublin, London and New York, a survey showed today.

The Irish Financial Services Regulatory Authority has said thousands of euro of consumers' money is being wasted on hire-purchase agreements when cheaper credit options are available.