The head of the Central Bank has warned of another potential crash in house prices in the next two to three years.

The Central Bank can’t compel lenders to write down distressed mortgage debt rather than selling on the loans, but will continue to ensure all types of mortgage lenders follow the regulator’s code of conduct, governor Philip Lane has said.

Ireland yesterday bowed out of the race to take one of the top jobs at the European Central Bank.

The Government is to nominate Central Bank governor Philip Lane to become Ireland’s first ever vice-president of the European Central Bank.

Central Bank governor Philip Lane looks set to land a top post at the European Central Bank and could leave his post early in the new year.

While politicians of all stripes line up to criticise the banks, Philip Lane, the Central Bank governor, has been reserved. So far, it seems to be working, writes Michael Clifford.

Compensation for customers wrongly removed from their tracker mortgages will not be capped, the governor of the Central Bank has said.

Current house shortages and house price increases will not prevent Ireland luring regulated UK-based banks and insurers who will need a home inside the EU after Brexit, Central Bank governor Philip Lane has said.

Central Bank governor Philip Lane has called for a radical resetting of a key debt reduction target for the State, suggesting the traditional debt goal sanctioned by the EU does not work that well for the vulnerable Irish economy.

Ireland’s economy has so far weathered the storm but remains “especially vulnerable” should the UK fail to strike a favourable deal in its Brexit talks with the EU, says Central Bank governor Philip Lane.

New Central Bank governor Philip Lane is facing mounting unrest among the bank’s workforce just a week into his tenure after staff overwhelmingly endorsed a motion of no confidence in the bank’s senior management.